Mitsubishi ties up with Tan Chong after Mitsubishi and Proton separate

PETALING JAYA: Japan’s Mitsubishi Motors Corp has joined hands with Tan Chong Motor Holdings Bhd (TCM) in a landmark deal to assemble cars for the Japanese automotive giant, after terminating its collaborative agreement with national carmaker Proton Holdings Bhd.

The agreement inked in April via Mitsubishi’s 52% owned unit Mitsubishi Motors Malaysia Sdn Bhd (MMM) and TCM’s 70%-owned unit Tan Chong Motor Assemblies was kept under wraps until yesterday when Hong Leong Investment Bank Research analyst Daniel Wong revealed in a report.