Alliance Formed Between Proton and Mitsubishi
December 7, 2008 – 4:54 pm by Ivan Chong
KUALA LUMPUR, Malaysia (AP) — Malaysian national carmaker Proton has formed an alliance with Japan’s Mitsubishi Motors Corp. to jointly build a new car as part of efforts to modernize its vehicle lineup and improve component quality.
Mitsubishi will provide technical and engineering services under a product collaboration agreement, Proton said Friday in a statement.
The Malaysian carmaker has also been given a non-exclusive license to modify a Mitsubishi vehicle for sale under the Proton trademark. The alliance doesn’t include any equity shareholding, officials said.
Courtesy Malaysia’s Proton to build new car with Mitsubishi- AP
