Kuala Lumpur - DRB-Hicom signed yesterday a a collaboration and licensing agreement with Volkswagen about the assembly of vehicles in Malaysia. The collaboration between both companies represents an investment of almost RM1 billion (app. 240Mio EURO). Under the agreement, DRB-Hicom will assemble the Passat, Polo and Jetta models of Volkswagen at its plant in Pekan, Pahang.
DRB-Hicom Managing Director Datuk Seri Mohd Khamil Jamil has expressed interest to distribute Volkswagen AG (VWAG)’s vehicles in the country.
Posted by Dr. Klaus Brachetti, 22.12.2010
