Frankfurt (ANTARA News) - Volkswagen, the biggest European carmaker, is looking for a new Asian partner and is focusing on Indonesia and Thailand after talks with the Malaysian group Proton broke down, a press report said on Wednesday.
The business daily Handelsblatt quoted VW sources as saying that research teams from the car giant were ready to begin looking at possible partners.
A Volkswagen spokesman told AFP in Frankfurt Tuesday that the group was now looking for "new commitments" in Southeast Asia.
On Tuesday, Malaysia's state investment arm Khazanah Nasional, which controls Proton, said it had discontinued negotiations with Volkswagen.
The German group said in a statement it and the Malaysian government had decided "to shelve their joint talks" for the time being.
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