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Thursday, March 03, 2011

Proton signs MoU with Nissan...

KUALA LUMPUR: Proton signed Tuesday a memorandum of understanding (MoU) with Nissan Motor Co. Ltd (Nissan).

Nissan,the Japanese car company, is involved in the design and development, engineering, manufacturing, assembling and selling of motor vehicles and related products, including accessories, spare parts and other components.

The MoU will pave the way for feasibility studies to be conducted on specific areas of cooperation between the two parties.

This includes the potential use of Nissan's platform and powertrain, Proton said in its filing to Bursa.

The duration of the feasibility studies will start from the date of the signing of the MoU and end on April 30, 2011 or upon execution of a legally binding agreement, whichever comes earlier, unless extended by mutual written agreement of the parties.


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