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Mitsubishi teams up with Proton
Mitsubishi and Proton have previously worked in the past with Proton using Mitsubishi engines to power its cars, but last week the two companies signed another deal which will license Malaysia's major automobile manufacturer, Perusahaan Otomobil Nasional Sdn Bhd (PONSB) access to Mitsubishi technology and expertise for the development of an all new PROTON vehicle.
Furthermore Proton will be allowed to manufacture a new Mitsubishi vehicle "based" product.
The deal is a win win for both companies as Proton gains access to Mitsubishi technology while the Japanese can further expand sales inside Malaysia to beyond the current export shipments of built-up cars from Japan.