Proton renewed a technological transfer agreement with Mitsubishi Motors, an agreement that in the mid-1980s was fundamental to Proton’s origins.
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Proton group managing director Datuk Syed Zainal Abidin Syed Mohamed Tahir has reportedly said that it would cost Proton as much as RM700mil (USD230mil) to develop a new car from the ground up but only half the amount via its collaboration with Mitsubishi Motors.
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