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%!

Berjaya bapak belum mati also sudah jual Mazda punya kilang.

Anyway both berjaya & Naza still is middle man who sold those vehicle here as well as getting gov cars supply contract from PH.

As the french said. If work hard can make you rich, donkey would have been a billionaire.

red sofa sequel mana?

if u know how to reinvest your money, you won't go poor
if u only know how to use but not to reinvest, you're destined to not last

Left to the kids, ruined the business. So slowly die la that company.

still got naza developer

So now naza manufacture sofa

Mati mati? Naaaahhhhh. He got lucky because marry rafidah extended family member. Wasn't hard work. Just ap king. Modal like few ringgit got AP worth 10k. And got hundreds of thousands of them. Of course rich lo

In actual fact Naza HQ in kampung baru already converted to furniture shop 😂

Got HDi engine?

rich people problem when you have too much money to the point they dont know how to value it.
blame government didnt educate the young on how to manage their money properly.
this kind of story got nothing to do with race or family's wealth.

but the kids are still rich right?

the deal got include the red sofa and the actress?

What wealth? Stellantis mostly took over the plant in exchange to settling off customs and logistics debts.

Dude, I know you aren't Kakwank or hoe_star's dupes.

Kesian, still fucking around on red sofa

Yes there were. Because they were given the most APs at one time, to be exact more than 50% of total ap issued. That is where they build their fortunes.
But you do know that the Naza Ria, Naza Citras and Naza Suteras were rebadged Kia's right? And they weren't very good cars also.

hahaha 51%...kek

salah gomen jugak. lap pantat sendiri pun nk gomen tolong tunjukkan ke? bodo

Heard that owe too much to the french, have to contra the factory to them

pm video

That's why kabel besar banyak penting. Tak boleh kasih orang luar sambung kabel kite... Lol

study jawi can but teach them how to manage wealth cannot?

Spend money like thisI doubt can last long

Marion???

literally naza = nazak

Actually both berjaya & Naza Don't Wanna invest in more productions line to build more model. Kroni from mahafiraun period mAh, tengok profit margin car assembly so low already. Waste money they say.

& thus why the frenco - murican & Japs says fine we do it ourselves. They cry river to gomen say can make MY exporter if gib taxes break & full ownership to them,

the whole electric car taxes break is & PH era gomen fleet supply is to tongkat the frenco murican future investment while berjaya & Naza can go laughing to the bank because they middle man no need work hard, still got plenty of money in bank.

they still got their current wealth

i think this is the prime example of teaching u how to fish vs give u the fish straight

Well those day people support TM also... Race card activated, semua jadi... So siapa siapa jadi pm, as long as we still buy race card, semua pun dibodohkan.... The more u ask people say cabar this and that... Lol... Silap silap 3am somebody knock door...

They have vast portfolio of poorperly in malesia and many countries.

Car assembly is not easy money. What worth money is the license and ap.


This post has been edited by icemanfx: Nov 1 2021, 05:25 PM

Aduh Marion Caunter nak makan apa?

Should have hired a ceo and just goyang tulur at home.