Honda, Malaysian carmaker Proton agree to mull cooperative partnership
October 31, 2012, 12:41 pm TWN
KUALA LUMPUR -- Malaysian carmaker Proton and Japan's Honda have agreed to explore a cooperative relationship, the companies have said, in troubled Proton's latest attempt at revival through a foreign tie-up.
In a statement to the Malaysian stock exchange on Monday, Proton's parent DRB-Hicom said the two companies will discuss collaboration in "technology enhancement, new product lineup, platform and facilities-sharing."
"This collaboration will provide positive impact to Proton and the DRB-Hicom Group in the long run," added the statement, which gave no further details of the proposed cooperation.
A Honda spokeswoman in Tokyo said the companies had agreed to seek "possible collaboration" but no specific steps had been decided upon.