Proton's Chief Executive Officer Datuk Ahmad Fuaad Kenali was quoted, "All three shortlisted foreign carmakers are currently doing their due diligence. We expect this to be completed this month. They are expected to come up with the binding offers next month."
The partnership is one of several conditions from the government to be met for receiving a soft loan of RM1.5 billion (S$482 million). In the article, Proton's parent, DRB-Hicom, wishes to finalise Proton’s strategic partner by the first half of this year, its group Managing Director Datuk Seri Syed Faisal Albar said.