Mitsubishi has now announced that will extend this partnership, signing a contract with Proton covering the technology for, as well as the development and production of, a new Proton-branded vehicle. In addition, the contract will also grant a license to the Malaysian carmaker to build a new Mitsubishi vehicle based product.
Through this and other collaboration projects in the fields of development and production, Mitsubishi aims to expand its Malaysian business beyond the current export shipments of built-up cars from Japan. In return, financially crippled Proton will be able to expand its limited lineup at relatively low cost, while also raising the quality of its products and modernizing its plants.