Proton Holdings Bhd today confirmed that it was in discussion on forming a strategic partnership but refused to name the other party.
"The discussion is ongoing; I don't want to comment with which party," managing director Datuk Syed Zainal Abidin Syed Mohamed Tahir said after breaking fast with journalists here.
According to a newsreport, Proton was in discussion with Volkswagen AG, Europe's largest carmaker.
On Tuesday, Volkswagen group was reported planning to make Malaysia as its sourcing hub for auto parts and CKD (completely-knocked down) assembly with a local automaker.
Yesterday, Proton advisor Tun Dr Mahathir said Proton needed a strategic partnership with an international automotive company to upgrade the standard of national car.
source: bernama.com
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