Tokyo, December 5, 2008 — Mitsubishi Motors Corporation (MMC) announced today the signing of a contract with Malaysia's major automobile manufacturer, Perusahaan Otomobil Nasional Sdn Bhd (PONSB)*1, covering the technology for, as well as the development and production of, a new PROTON vehicle. In addition, the contract will grant a license to the Malaysian automaker to manufacture a new Mitsubishi vehicle based product.
Through this and other collaboration projects in the fields of development and production, MMC aims to expand its Malaysian business beyond the current export shipments of built-up cars from Japan to that nation. For its part, PONSB aims to work with MMC to expand its model lineup as well as to raise quality levels and make more effective use of its production plant.
The two companies are also continuing to study other mutually beneficial avenues of collaboration.
*1 A wholly owned subsidiary of PROTON Holdings Berhad
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