Here are some more updates on Proton’s possibilities on entering a joint venture with another car manufacturer.
Mitsubishi Motors Corp issued a statement debunking speculation that it might jointly set up a plant here in Malaysia with Proton to assemble or manufacture Mitsubishi cars.
As for the failed Volkswagen partnership, Proton officials shared their side of the story. Proton said it entered talks with Volkswagen originally to explore possibilities of a mutual benefit collaboration, but Volkswagen started talking about a takeover. Proton had considered it, but not without conditions, which obviously caused the entire deal to fail.
Seems everyone is hardcore denying considering going to bed in Proton to protect share prices or some other reason.