A new collaboration between two former collaborators, Malaysia’s Perusahaan Otomobil Nasional Sdn Bhd (Proton) and Japan’s Mitsubishi Motors Corp. neither surprises nor excites industry analysts. “It’s a kind of return engagement,” says John Bonnell, senior analyst with JD Power Forecasting. “The two companies were together, then split and now are getting together again. But it’s not groundbreaking.” The reunion has been under study and negotiations have been ongoing since a memorandum ...

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