VW to buy Proton?

VW is said to be considering yet another bid for marginal car brand, Proton, according to industry website just-auto.com.

Proton was set up basically as a vanity project by Malaysian Prime Minister Mahathir to demonstrate that Malaysia was a modern country. It did well at first by assembling Mitsubishi Lancers, but suffered from delusions of competence, and did more of its own engineering over the years, with the result that quality fell through the floor. UK market share has fallen from 1% in 1992 to 0.02% last year.