Malaysia to trade in cars, aircraft with Indonesia

Article Abstract:

Malaysian and Indonesian trade officials recently signed a $214 million agreement which would see the two countries selling each other cars, aircraft and related services. Officials from the two countries lauded the agreement as the initial stage of a new strategic alliance in their aerospace and automotive industries. Under the terms of the agreement, Indonesia will purchase 20 Malaysian-made trainer aircraft and at least 1,500 Proton cars. In turn, Malaysia will purchase six Indonesian-made CN-235 military transport aircraft.

Administration of General Economic Programs, Aircraft, Aircraft Manufacturing, Trade Relations, International trade, Indonesia, Malaysia, International economic relations, Aircraft industry, Trade policy, Indonesian foreign relations, Malaysian foreign relations

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Citroen, USPD set pact to build cars in Malaysia

Article Abstract:

Automobiles Citroen SA (Citroen) and Usahasama Proton-DRB Sdn. Bhd. (USPD) have established a joint agreement to assemble and sell 1,000- and 1,400-cubic centimeter cars. Citroen will provide the technology and equipment for the venture. USPD hopes to initially produce 2,500 vehicles monthly and eventually increase monthly output to 4,500 units within 18 months. The joint venture is also expected to help open foreign markets for Malaysian cars.

Joint ventures, Automobiles Citroen S.A., Usahasama Proton-DRB Sdn. Bhd.

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Yahaya's purchase of 32% stake in Hicom could make him Malaysia's auto czar

Article Abstract:

Diversified Resources Bhd. has acquired a 32% interest in Hicom Holdings Bhd. for about $706.8 million. The deal will expand Diversified Resources' stake in the Malaysian automobile industry and transform the company's founder, Yahaya Ahmad, into the country's automobile czar. Hicom Holdings has a combined capitalization of 15 billion Malaysian dollars and controls Edaran Otomobile Nasional Bhd. and Proton Corp.

Investments, Diversified Resources Bhd., Hicom Bhd.

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