December 5th, 2008 — mitsubishi, proton
Mitsubishi Motors Corporation (MMC) announced today the signing of a contract with Malaysia’s major automobile manufacturer, Perusahaan Otomobil Nasional Sdn Bhd (PONSB)*1, covering the technology for, as well as the development and production of, a new PROTON vehicle. In addition, the contract will grant a license to the Malaysian automaker to manufacture a new Mitsubishi vehicle based product.
Through this and other collaboration projects in the fields of development and production, MMC aims to expand its Malaysian business beyond the current export shipments of built-up cars from Japan to that nation. For its part, PONSB aims to work with MMC to expand its model lineup as well as to raise quality levels and make more effective use of its production plant.
The two companies are also continuing to study other mutually beneficial avenues of collaboration.
*1 A wholly owned subsidiary of PROTON Holdings Berhad
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November 17th, 2007 — proton
KUALA LUMPUR, Nov. 15, 2007 (Thomson Financial delivered by Newstex) — A deal has been struck to forge a partnership between Malaysian national carmaker Proton Holdings Bhd (OOTC:POHDF) and Germany’s Volkswagen AG, the Edge Financial Daily reported on Friday.
The negotiations between the Malaysian government and Volkswagen has been concluded and a memorandum of intent (MOI) will be signed soon, the newspaper said, citing unnamed sources.
The MOI is expected to set the stage for further due diligence and collaboration between the two parties, the sources said.
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October 10th, 2007 — Volkswagen, proton
KUALA LUMPUR (Thomson Financial) - Prime Minister Abdullah Ahmad Badawi said Tuesday that German auto giant Volkswagen is seeking management control over Malaysia’s state-owned Proton as it negotiates an alliance.
‘They have been discussing about it but we have not yet decided on that,’ Abdullah said when reporters asked if Volkswagen (other-otc: VLKAF.PK - news - people ) was eyeing management control of the loss-making firm.
Abdullah, who is also finance minister, said Malaysia was keen to wrap up the protracted negotiations as quickly as possible.
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