Honda may share platforms and facilities with Malaysia's Proton

KUALA LUMPUR - Honda, Japan's third-largest automaker, may share car platforms and production facilities with Malaysian national carmaker Proton, Bloomberg reported.

The companies signed an agreement on Monday and will also explore opportunities to collaborate in technology and a new product line-up, according to a Kuala Lumpur stock exchange filing by Proton's parent, DRB-Hicom.

"Having a strong and renowned global automotive player like Honda Motor as the foreign strategic partner to Proton will provide the group with the opportunity to grow as an original equipment manufacturer," DRB said in the statement. "The opportunities are endless."

Honda already produces cars in Malaysia, such as CR-V sports utility vehicles.