France's PSA, Malaysia's Naza to make PSA cars for Asia
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FRENCH carmaker PSA and Malaysian company Naza Corp have signed a deal to jointly produce PSA-branded cars for Malaysia and other Asian markets, as part of plans by the owner of Peugeot to boost its presence in the region.
The companies said on Monday that they had signed a share-sale agreement and a joint-venture agreement to establish a shared manufacturing hub in Gurun in the Malaysian state of Kedah. PSA will own a 56 per cent stake in the manufacturing hub, but no deal value was disclosed at the press event in Kuala Lumpur.
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