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May 23, 2017

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Honda, Malaysian carmaker Proton agree to mull cooperative partnership

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.

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