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.
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AI-generated Summary ✨
The comments mainly focus on Mitsubishi's denial of a joint venture with Proton, with some skeptics suggesting Mitsubishi is protecting its own interests and possibly acting out of self-preservation amid market and financial pressures. Several commenters express disappointment and distrust towards Mitsubishi, viewing their denial as a strategic move to prevent losing share or control. There is also discussion about Proton's need for advanced technology, patent issues, and whether joint ventures with Chinese or other Asian companies could be beneficial. A few comments touch on Proton's past collaborations, management credibility, and the broader strategic challenges faced by Malaysian automakers. Overall, the sentiment is skeptical about Mitsubishi's intentions, with some criticism of Proton's management and a call for more transparency.