Malaysia's Proton, Honda sign collaboration agreement

Malaysian automaker, Proton Holdings Berhad, inked an agreement with its Japanese counterpart, Honda Motor Co. Ltd. to seek partnership, Proton's parent company DRB-Hicom said Monday. DRB said in its filing on the Malaysian bourse that Proton and Honda Motor will explore collaboration opportunities in the areas of technology enhancement, new product line up, platform and facilities' sharing. "Having a strong and renowned global automotive player like Honda Motor 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 as the opportunities are endless,"DRB said. It said the agreement signifies the potential of a long term strategic collaboration though no details of the collaboration are revealed.