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.
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