Malaysian national automaker Proton has formed an alliance with Japan's Mitsubishi for the development and production of a new car. Although details were not disclosed, it is reported that the two companies are working on a small hatchback that will enter the market after 2010. Furthermore, under the new agreement that was signed between the two companies, the Japanese carmaker will grant a non-exclusive license to the Proton to manufacture a new Mitsubishi vehicle based product. In a joint statement, the two companies said that they are also continuing "to study other mutually beneficial avenues of collaboration".
Malaysian national automaker Proton has formed an alliance with Japan's Mitsubishi for the development and production of a new car. Although details were not disclosed, it is reported that the two companies are working on a small hatchback that will enter the market after 2010. Furthermore, under the new agreement that was signed between the two companies, the Japanese carmaker will grant a non-exclusive license to the Proton to manufacture a new Mitsubishi vehicle based product. In a joint statement, the two companies said that they are also continuing "to study other mutually beneficial avenues of collaboration".
