Proton has once again extended it’s three running agreements with Mitsubishi Motors Corp Japan, Chery Automobile Co Ltd and Alado Corporation Sdn Bhd.

The Memorandum of Understanding between Proton and Mitsubishi has been extended for another three months, set to end on 2nd February 2007, while the feasibility study with Chery and it’s local partner Alado Corporation was extended to 28th February 2007.

I’m sure we all eagerly await the outcome, the first could possibly result in a new Mitsubishi-based model while the latter could result in better utilization of Proton’s coveted RM2 billion Tanjung Malim plant.

Source: Bursa Malaysia