PARIS – Formal talks between Malaysia’s crippled national car company Perusahaan Otomobil Nasional Sdn Bhd (Proton) and PSA Peugeot Citroen could result in PSA’s closest ties with another auto maker. The two signed a memorandum of intent (MOI) here Sept. 17, “to study a possible cooperation between the two groups” that could include product development, vehicle production, supplier development and vehicle distribution. Proton, which is undergoing hard times, saw first-half sales fall 21% ...
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