Arab Today, arab today honda in tieup with malaysia\s proton
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

Honda in tie-up with Malaysia\'s Proton

Arab Today, arab today

Arab Today, arab today Honda in tie-up with Malaysia\'s Proton

Kuala Lumpur - AFP

The parent of automaker Proton will enter a partnership with Japan\'s Honda, the companies have said, in the troubled Malaysian car manufacturer\'s latest stab at revival through a foreign tie-up. In a statement to the Malaysian stock exchange on Monday, Honda and Proton\'s parent DRB-Hicom said the partnership will explore collaboration in \"technology enhancement, new product line up, platform and facilities sharing\". \"This collaboration will provide positive impact to Proton and the DRB-Hicom Group in the long run,\" added the statement, which gave no further specifics on the proposed cooperation. Proton was formed in 1983 as part of a plan to jump-start a national industrialisation programme. But it has suffered from weak sales, a reputation for unimaginative models and poor quality, and has struggled to stay competitive and penetrate global markets. Early this year, DRB-Hicom, a leading car distributor and importer, acquired state investment arm Khazanah Nasional\'s stake in Proton. Khazanah said it sold the stake as part of a bid to increase the carmaker\'s prospects amid growing competition from Japanese, European and Korean carmakers in the Malaysian market. Honda, Japan\'s third-largest auto manufacturer, has suffered troubles of its own. It recently lowered its sales target in China, the world\'s largest auto market, as Chinese consumers have shunned Japanese brands owing to a territorial row between the two Asian powers over a group of islands. Previous negotiations to sell stakes in Proton to Volkswagen and General Motors fell apart because of the Malaysian government\'s desire to keep the company domestically-owned. Proton also owns money-losing Britain-based sports car unit Group Lotus.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today honda in tieup with malaysia\s proton Arab Today, arab today honda in tieup with malaysia\s proton

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today honda in tieup with malaysia\s proton Arab Today, arab today honda in tieup with malaysia\s proton

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday