Mitsubishi Motors Corp. signs an agreement with Proton Holdings Bhd to develop a new model for Malaysia’s national car company. In a statement to Bursa Malaysia, the Malaysian Stock Exchange, the Proton board of directors advises that Perusahaan Otomobil Nasional Sdn Bhd (PONSB), a wholly owned subsidiary, has entered into three agreements with MMC. MMC will develop the new model for Proton, with details of the work, target specifications, job sharing and time schedule yet to be decided. ...
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