Automotive
Weekly News Highlights
Malaysia
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6 July 2008

Auto consolidation seen

A current slump in the global automotive sector could give fresh impetus to plans for consolidation within the industry, the head of French carmaker Renault said on Saturday.  [The Star]
http://biz.thestar.com.my/news/story.asp?file=/2008/7/8/business/
21761398&sec=business


GM plans to cut thousands of white-collar jobs

BANGALORE: No. 1 US automaker General Motors Corp is planning to cut thousands of white-collar jobs and is considering whether it should sell or stop production of more of its brands, The Wall Street Journal said, citing people familiar with the matter.  [The Star]
http://biz.thestar.com.my/news/story.asp?file=/2008/7/8/business/
21761484&sec=business


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10 July 2008

Naza Plans To Make Malaysia Peugeot's Manufacturing Hub

Nasim Sdn Bhd (NSB), the local franchise holder of Peugeot marque, plans to make Malaysia the manufacturing hub for selected Peugeot vehicles in its move to penetrate the other right hand drive markets.  [Bernama]
http://www.bernama.com/bernama/v3/news_lite.php?id=345136


Naza Plans Tie-up With OCBC For NGV Installation Financing

The Naza Group of Companies may work together with OCBC Bank to offer customers financing for the installation of the natural gas (NGV) facility in cars. Naza's executive vice president Datuk SM Zulkifli SM Amin said the company was still discussing with OCBC Bank on the right financing package. "We hope to announce details as soon as possible," he told reporters after launching the Naza-OCBC Extra Financing Plan here.  [Bernama]
http://www.bernama.com/bernama/v3/news_lite.php?id=345088


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