Proton In Talk With Peugeout

May 9th, 2006 at 02:28pm tiger Entry Filed under: Auto News

Proton had been rumored to be talking about a joint carmaking venture with a foreign automaker. This time is French automaker Peugeot.

The Edge Daily Reported saying the companies could be ready to sign a memorandum of understanding in the next few months about building a compact car together. PSA Peugeot Citroën confirmed the talks but added it does not currently have a joint venture plan in place.

The Edge also said Volkswagen and Proton are talking about a company to build Proton-badged cars to sell in Southeast Asia and India. The Peugeot partnership would yield products that could be badged either as Proton or Peugeot/Citroën…

What this means to you:
Once-protected companies now going to seek help under the global wind pressures in order to survive.

Links: TheEdgeDaily Proton Multiple Bedfellow

Category : Auto News

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