CORRECTED - CORRECTED-Malaysia's Proton, Detroit Electric to sign $331 mln d

Thu Mar 26, 2009 5:46am EDT
 
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(Corrects to show invitation issued by Detroit Electric, not Proton)

KUALA LUMPUR, March 26 (Reuters) - PROTON Holdings Bhd (PROT.KL):

* Malaysia's Proton (PROT.KL) to sign $331 million deal with Detroit Electric

* The two parties will ink the deal on March 30, said Detroit Electric in a press invite.

* Detroit Electric will mass produce Pure Electric Vehicles based on Proton vehicle platforms under the deal, according to the invite.

* It did not provide further details.

(for related story, please click on[PROT.KL])

 

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