DRB-Hicom, Proton Holdings Bhd and Suzuki Motor Corporation signed a Memorandum of Understanding which may pave the way for the production of motor vehicles, whether by means of a collaboration, rebadging or the usage of engine and transmission drivetrains between Proton and Suzuki.
Suzy Celerio...THIS...could be the JV car I think...
As this is only an MoU, it is not actually a binding contractual agreement. MoUs are just something companies like to enter into as it makes its wishes to collaborate with one another seem stronger. But any actual Joint Venture would be more detailed and involve proper and detailed contractual agreements. Even Tun Dr Mahathir, Chairman of Proton, had stated that details of the agreement had not been worked out as yet. It will most likely involve compact and small cars from Suzuki that are currently not sold in Malaysia. The Proton plant in Tanjung Malim will be utilised for manufacturing or assembling the JV vehicles and the earliest model could be launched sometime 2016.
