Published: Monday October 29, 2012 MYT 6:36:00 PM
Updated: Monday October 29, 2012 MYT 6:43:52 PM
Proton, Honda sign agreement on collaboration
KUALA LUMPUR: Proton and Honda have signed an agreement to explore collaboration opportunities in the areas of technology enhancement, new product line-up, and sharing of platforms and facilities.
DRB-Hicom, in a statement to Bursa Malaysia, said Proton Holdings Berhad, a wholly-owned subsidiary of the company entered into a collaboration agreement Monday with Honda Motor Co, one of the leading global manufacturers and distributors of motor vehicles, to explore collaboration opportunities in these areas.
It said the agreement signified the potential of a long-term strategic collaboration with Honda.
"Having a strong and renowned global automotive player like Honda as the foreign strategic partner to Proton will provide Proton and the DRB-Hicom group with the opportunity to grow as an original equipment manufacturer (OEM) as the opportunities are endless.
"This collaboration will provide positive impact to Proton and the DRB-Hicom group in the long run," it added.