Japan's Honda Motor Co. and Malaysia's Proton Holdings may start sharing car platforms and production facilities as the two automotive companies signed an agreement last Monday.
According to a filing made to the Kuala Lumpur stock exachange by DRB-Hicom Bhd. (Proton's parent company) the agreement will be aimed to explore opportunities in collaborating with the technology and production line of both manufacturers.
"Having a strong and renowned global automotive player like Honda Motor as the foreign strategic partner to Proton will provide the group with the opportunity to grow as an original equipment manufacturer," DRB said in the statement. "The opportunities are endless."
With the agreement inked, Proton is hoping to increase its exports brought about by access to Honda's technology and production line, which is currently producing the CR-V in Malaysia.