Drb-hicom Inks Deal With Vw To Make, Assemble Cars
#1
Posted 13 August 2010 - 09:25 PM
DRB-Hicom inks deal with VW to make, assemble cars
Volkswagen AG, Europe’s largest carmaker, and Malaysia’s DRB-Hicom Bhd signed an agreement to collaborate on making Volkswagen cars in the Southeast Asian country.
Volkswagen models may be assembled at a DRB-Hicom plant in Pekan, according to a statement today to the Malaysian stock exchange. Executives from the two companies signed a memorandum of understanding in Singapore today, it said.
Volkswagen ended partnership talks earlier this year with Proton Holdings Bhd, Malaysia’s national automaker, as the German carmaker had “other priorities,” Proton said in June.
Proton has been seeking a strategic alliance to help bolster exports and develop new models to better compete with the likes of Toyota Motor Corp and Honda Motor Co. -- Bloomberg
#2
Posted 13 August 2010 - 11:50 PM
#3
Posted 15 August 2010 - 03:18 AM
More like RIP Proton !!
#4
Posted 15 August 2010 - 05:41 AM
#5
Posted 15 August 2010 - 06:29 AM
3 VW models to roll out of DRB-Hicom plant
Three new Volkswagen models are expected to roll out of the DRB-Hicom plant in Pekan, thus strengthening the district's position as a regional automotive hub.
Prime minister Datuk Seri Najib Tun Razak said assembling of CKD (complete knock down) vehicle components of the renowned German brand would see the vehicles roll out of the plant by the end of the first quarter next year.
He said the joint venture was agreed upon after his meeting with Volkswagen top officials during his overseas holiday recently.
"I've always been monitoring the developments involving DRB-Hicom and during my recent vacation, I took the opportunity to meet the Volkswagen officials and ask them whether they were till keen to establish cooperation with DRB-Hicom.
"Actually, they were waiting for the indication from me whether they could sign the agreement with DRB-Hicom or not," he said in his speech at a Ramadan gathering with DRB-Hicom management and staff in Pekan today.
Also present was DRB-Hicom Berhad managing director Datuk Seri Mohd Khamil Jamil.
Yesterday, DRB-Hicom and Volkswagen signed a memorandum of understanding to cooperate in the assembly and production of Volkswagen vehicles in Malaysia.
Najib said Volkswagen also requested for incentives from the Malaysian government to make the DRB-Hicom production plant here its export base for the Asean region.
"This needs to be studied and approved by the government," he said.
Najib said the joint venture would also contribute to the success of the East Coast Economic Region's development plan based partly on continuous development of the local automotive industry.
In this respect, he said, the DRB-Hicom management and staff needed to carry out transformation to put the company's image at the highest level, thus building foreign manufacturers' confidence including those which had already established cooperation with DRB-Hicom like Suzuki and Mercedes-Benz, in the
local automotive industry.
"Total commitment from all quarters is a vital ingredient for continuous success."
The prime minister then together with over 100 residents performed Tarawih prayers at the Batu 8 mosque in Pekan. -- Bernama
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1. 3 new model...maybe like polo,vento etc but not high end model like GTi or rocco
2. vehicles roll out of the plant by the end of the first quarter next year..
bro sengih, can u wait that long
3. "Najib said Volkswagen also requested for incentives from the Malaysian government to make the DRB-Hicom production plant here its export base for the Asean region.
"This needs to be studied and approved by the government," he said. "
....this might means lower car price
#6
Posted 15 August 2010 - 08:48 AM
#7
Posted 15 August 2010 - 09:53 AM
#8
Posted 15 August 2010 - 11:07 AM
But i'm wondering why they dun bring in the SEAT cars here??
#9
Posted 15 August 2010 - 12:49 PM
1. polo perhaps 1.4tsi which is the size of suzuki swift. suggested price 80 - 90 K
2. jetta ( 1.6 and 2.0 tsi ) which is in the same size of corolla/civic. suggested price 140 - 150K
3. touran 2.0 which is in the same category of chevvy nabira. suggested price below 130K
just my duasen.
#10
Posted 15 August 2010 - 01:05 PM
1. polo perhaps 1.4tsi which is the size of suzuki swift. suggested price 80 - 90 K
2. jetta ( 1.6 and 2.0 tsi ) which is in the same size of corolla/civic. suggested price 140 - 150K
3. touran 2.0 which is in the same category of chevvy nabira. suggested price below 130K
just my duasen.
If CKD 1.4 Polo going for 80-90k, then the current offering of CBU 1.2 for RM109k would depreciate like hell within 1-1.5 years of launch !