https://www.theedgemarkets.com/article/stel...ramp-production

KUALA LUMPUR (Nov 1): Automaker Stellantis, which manufactures car brands like Peugeot, Alfa Romeo and Citroën, has acquired full ownership of NAZA Automotive Manufacturing Sdn Bhd and the latter’s manufacturing plant in Gurun, Kedah.

It previously operated the plant on a joint venture basis with Naza Corp.

Stellantis said the completed acquisition marks a significant milestone for the group in Southeast Asia, and that it plans to invest and “dramatically expand its footprint” as part of a robust localisation strategy.

“Stellantis is deeply committed to growing our presence in ASEAN, and taking full ownership and responsibility of the plant in Gurun, Kedah is a very important step towards strengthening our operations, production outputs and workforce in the region.

“We have an ambitious growth strategy that will enable us to build on the existing production outputs in Gurun, as well as extend the breadth of brands and models within the Stellantis portfolio built in ASEAN for ASEAN. This is a very exciting proposition,” said Christophe Musy, senior vice president, ASEAN & general distributors at Stellantis.

Manufacturing at the plant has recently restarted, with the launch of the refreshed Peugeot 3008 and 5008 that are currently being rolled out across the region. The much-anticipated Peugeot 2008, said Stellantis, will also start production here this month, which will bring the new compact SUV offering from the high-end brand to the ASEAN region.

Musy said the group has seen increased demand for Peugeot in the region in spite of the pandemic, and production at the plant has now returned to pre-pandemic levels, with volumes being ramped up for the remainder of 2021 to re-establish car flow to Malaysia, Thailand, the Philippines and other ASEAN markets.

“We are working closely with our partners to increase plant capacity by almost 40% to meet demand, and this combined with our strong product plan and determination to achieve the highest standards in quality and safety has set us up for great success in Malaysia,” he added.

This post has been edited by Mr Mercedes: Nov 1 2021, 03:04 PM

Bought 100% of NAZA Automotive Manufacturing and gave 51% back to them ka? If not, someone should probably start a protest.

no more red sofa

literally wealth cannot last 3 generation
after selling everything, i wonder the wealth can last until past their current kids or not

This post has been edited by MR_alien: Nov 1 2021, 03:25 PM

Their name brings Stargate Atlantis to mind.

the late dad mati2 built up the company. sampai anak, semua hancur

Wow so whats left of naza??

The once proud and mighty naza auto world gg edi?

Kek. The French and Americans ain't stupid.

ferrari bila up for sale?

Buy Stellar now

Spot on. That why one's need to learn the hard way, then one's will appreciate and work hard to keep the results...on the other hand if inheritance...

We are literally seeing how bad the kids are unchecked with vast wealth. In fact I would not be surprised 10 years later we see these people live in ppr or be junkies living in some hut near a jungle

no worries. Earth prince + tongkat power can make many wonderful things to happen.

Yep. They were once market leaders in the global automotive industry, designing and building state of the art, world class products like Naza Ria, Naza Suria, Naza Citra, Naza Bestari and Naza Sutera.

This post has been edited by Mr Mercedes: Nov 1 2021, 03:24 PM

but but.. lim goh tong left his kids all the inheritance

but so far they're still doing very good wo....

shadow of its former prime.

Selling is better than borrowing. 😁

naza becomes nazak

i still remember the old days where alot of workshop need to beg for work from them. the amount of money amass in paying their agents to bring the car over for refurbishment was high. not to mention the bidded cars from overseas were cheap. brought into malaysia, cleaned up aesthetically and sell at a large profit.

Please bring in e-208 and e-2008 coz now no tax for EV

Invoke 51%!