Naza Corporation Holdings and Groupe PSA have announced the signing of a share sale agreement and a joint venture agreement, officially establishing shared operation of the Naza Automotive Manufacturing plant in Gurun, Kedah as the first manufacturing hub in ASEAN for the French carmaker. The signing was witnessed by prime minister Datuk Seri Najib Tun Razak this morning.
“We are grateful for Groupe PSA’s support and confidence in Naza as we take our longstanding partnership to greater heights. With this collaboration, there is enormous potential for Kedah to be the leading automotive manufacturing hub in Malaysia,” said SM Nasarudin SM Nasimuddin, group executive chairman and CEO of Naza Corporation Holdings.
Meanwhile, Geely moves forward, and so will Proton, I’m sure of it. Thank God there were still intelligent and sensible people in DRB-Hicom who made the right choice.Nah, PSA is looking at a larger picture. They want to make LHD cars too for Vietnam and the Philippines since there are no more barriers within ASEAN AFTA.
A brief history of Peugeot in Malaysia ; Peugeot is one of the oldest players in Malaysia. Back in the late 1960s, Peugeot built their first Malaysian plant, Asia Automobile Industries in Petaling Jaya, together with Toyo Kogyo and Asia Motor . Peugeot assembled quite a few models here, and one of their top models back then was the 504.
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