Honda, Japan's third-largest automaker, may share car platforms and production facilities with Malaysian national carmaker Proton Holdings

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

"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, including CR-V sports utility vehicles.

For Proton, the deal may provide access to technology that could help it boost exports, after holding unsuccessful alliance talks with Volkswagen and PSA/Peugeot-Citroen.