13-03-2007: German envoy hopeful of VW-Proton breakthrough
German envoy to Malaysia, Herbert Jess, is hopeful of a breakthrough in talks between Volkswagen AG and Proton Holdings Bhd after two years of negotiations between the two carmakers, despite earlier setbacks.
"I cannot comment on what the Malaysian government is doing or willing to do. There is still preparedness of Volkswagen to come in (as a strategic partner) if the terms are right," he told reporters on March 13.
On chances of Volkswagen becoming the strategic partner following the pull-out of Peugeot PSA, he said: "If the negotiations proceed satisfactorily, it will come to a deal. If not, the deal will not be reached."
Speaking in Kuala Lumpur on March 13 after attending the launching ceremony of new initiatives between the German-Malaysia Institute and its industry partners, Jess said he was hopeful that bilateral trade relations between the two countries would continue to improve.
He said Germany was Malaysia's biggest trade partner in Europe with two-way trade volume between both countries valued at about RM30 billion last year. Germany was also Malaysia's ninth largest trade partner.
"Last year, Germany's trade with Malaysia was double of its trade with Thailand and Indonesia," he added.
On Germany's investment in Malaysia, he said Germany's electronics company, Infineon and petrochemical giant BASF had invested 1.2 billion euros in Malaysia.
Among the factors that attracted German investors to Malaysia was Malaysia's political and economic stability and the development in Malaysia, Jess said.
On the German-Malaysia Institute's (GMI) new initiatives, GMI managing director Yusoff Md Sahir said they were part of efforts to upgrade its training programme with new technology and techniques.
Under the initiatives, GMI has signed up with 16 industry partners consisting of companies such as Asea Brown Boveri Malaysia Sdn Bhd.
Among others, these companies will provide expertise and equipments at an attractive rate for training purposes.
"I cannot comment on what the Malaysian government is doing or willing to do. There is still preparedness of Volkswagen to come in (as a strategic partner) if the terms are right," he told reporters on March 13.
On chances of Volkswagen becoming the strategic partner following the pull-out of Peugeot PSA, he said: "If the negotiations proceed satisfactorily, it will come to a deal. If not, the deal will not be reached."
Speaking in Kuala Lumpur on March 13 after attending the launching ceremony of new initiatives between the German-Malaysia Institute and its industry partners, Jess said he was hopeful that bilateral trade relations between the two countries would continue to improve.
He said Germany was Malaysia's biggest trade partner in Europe with two-way trade volume between both countries valued at about RM30 billion last year. Germany was also Malaysia's ninth largest trade partner.
"Last year, Germany's trade with Malaysia was double of its trade with Thailand and Indonesia," he added.
On Germany's investment in Malaysia, he said Germany's electronics company, Infineon and petrochemical giant BASF had invested 1.2 billion euros in Malaysia.
Among the factors that attracted German investors to Malaysia was Malaysia's political and economic stability and the development in Malaysia, Jess said.
On the German-Malaysia Institute's (GMI) new initiatives, GMI managing director Yusoff Md Sahir said they were part of efforts to upgrade its training programme with new technology and techniques.
Under the initiatives, GMI has signed up with 16 industry partners consisting of companies such as Asea Brown Boveri Malaysia Sdn Bhd.
Among others, these companies will provide expertise and equipments at an attractive rate for training purposes.
posted by SEE FU at 7:51 AM
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