Proton in talks with Japan carmakers

  • Business
  • Saturday, 24 May 2014

To expand Proton would have to concentrate on exports, says Dr Mahathir.

TOKYO: Proton Holdings Bhd, the national carmaker, is negotiating with several Japanese car manufacturers on the prospects of future collaborations, says Proton chairman Tun Dr Mahathir Mohamad.

However, any strategic collaboration was unlikely to include Mitsubishi, one of the leading Japanese carmakers, said the former prime minister.

“We are looking at other Japanese automotive makers. Right now we are co-operating with Honda,” Dr Mahathir said when responding to a question from a Japanese journalist on whether Proton would continue its collaboration with Mitsubishi.

“Proton’s performance can be improved and we will look closely at how we can continue to export our cars,” he said.

In October 2012, Proton entered into a collaboration with Honda Motor Co Ltd which resulted in the second-generation Proton Perdana.

Dr Mahathir also said the Malaysian automotive market was small and that to expand Proton would have to concentrate on exports. — Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , Business , proton


Next In Business News

Tax cuts will boost economy, provide multiplier impact: Tengku Zafrul
Budget 2023: Govt to enhance green tech financing scheme
OGSE players to benefit from RM1bil maritime and logistics fund
MNOs execute share subscription agreements with DNB
Govt extends tax breaks on listing expenses to tech companies on Bursa Malaysia
ASB, ASB 2 investment limit increased to RM300,000
Govt allocates RM92mil towards developing halal industry
EPF's investment income falls 21% to RM27bil in 1H22
Budget 2023: Reactions from the financial sector
SemarakNiaga initiative receives RM45bil to spur business activity

Others Also Read