Listen Download Podcast
  • RFI English News flash 04h00 - 04h10 GMT Mon-Fri
    News bulletin 06/18 04h00 GMT
  • Paris Live AM 04h10 - 04h30 GMT Mon-Fri
    Features and analysis 06/18 04h10 GMT
  • RFI English News flash 05h00 - 05h10 GMT Mon-Fri
    News bulletin 06/17 05h00 GMT
  • Paris Live AM 05h10 - 05h30 GMT Mon-Fri
    Features and analysis 06/17 05h10 GMT
  • RFI English News flash 06h00 - 06h10 GMT Mon-Fri
    News bulletin 06/17 06h00 GMT
  • Paris Live AM 06h10 - 06h30 GMT Mon-Fri
    Features and analysis 06/17 06h10 GMT
  • RFI English News flash 06h30 - 06h33 GMT Mon-Fri
    News bulletin 06/17 06h30 GMT
  • Paris Live AM 06h33 - 06h59 GMT Mon-Fri
    Features and analysis 06/17 06h33 GMT
  • RFI English News flash 07h00 - 07h10 GMT Mon-Fri
    News bulletin 06/17 07h00 GMT
  • RFI English News flash 07h30 - 07h33 GMT Mon-Fri
    News bulletin 06/17 07h30 GMT
  • RFI English News flash 14h00 - 14h03 GMT Sat-Sun
    News bulletin 06/17 14h00 GMT
  • RFI English News flash 14h00 - 14h06 GMT Mon-Fri
    News bulletin 06/15 14h00 GMT
  • Paris Live Weekend 14h03 - 14h30 GMT Sat-Sun
    Features and analysis 06/17 14h03 GMT
  • Paris Live PM 14h06 - 14h30 GMT Mon-Fri
    Features and analysis 06/15 14h06 GMT
  • RFI English News flash 14h30 - 14h33 GMT Mon-Fri
    News bulletin 06/17 14h30 GMT
  • Paris Live PM 14h33 - 14h59 GMT Mon-Fri
    Features and analysis 06/17 14h33 GMT
  • RFI English News flash 16h00 - 16h03 GMT Sat-Sun
    News bulletin 06/17 16h00 GMT
  • RFI English News flash 16h00 - 16h06 GMT Sat-Sun
    News bulletin 06/15 16h00 GMT
  • Paris Live Weekend 16h03 - 16h30 GMT Sat-Sun
    Features and analysis 06/17 16h03 GMT
  • RFI English News flash 16h30 - 16h33 GMT Mon-Fri
    News bulletin 06/17 16h30 GMT
  • Paris Live Weekend 16h33 - 17h00 GMT Sat-Sun
    Features and analysis 06/17 16h33 GMT
To take full advantage of multimedia content, you must have the Flash plugin installed in your browser. To connect, you need to enable cookies in your browser settings. For an optimal navigation, the RFI site is compatible with the following browsers: Internet Explorer 8 and above, Firefox 10 and +, Safari 3+, Chrome 17 and + etc.
Asia-Pacific

French carmaker Peugeot, Malaysia's Naza sign deal to produce cars for Asia

media Carlos Tavares, Chairman of the Managing Board of PSA Peugeot Citroën Group Reuters/Vincent Kessler

French carmaker PSA Peugeot Citroën has bought a majority stake in a Malaysian factory in an effort to increase its Southeast Asian presence. The plant is run by local group Naza.

PSA already has a tie-up with Naza Automotive Manufacturing at its factory in Gurun, in the northern state of Kedah, with the plant producing several of the French group's cars for sale in the region.

By acquiring a majority stake in the plant, which has an annual production capacity of 50,000 vehicles, PSA is making Malaysia its manufacturing hub for Southeast Asia.

Naza will distribute Peugeot and Citroën cars, as well PSA's high-end brand DS, in Malaysia and will explore the possibility of distributing PSA models in other Southeast Asian markets, the groups said in a statement.

They did not disclose the value of the deal, which was signed Monday in Kuala Lumpur in a ceremony witnessed by Malaysian Prime Minister Najib Razak. PSA did not reveal the exact size of the stake that had been acquired, saying only it was more than 50 percent.

Southeast Asia is a 10-country region of more than 600 million people with a booming middle class and global automakers are racing to increase their presence in the market.

While PSA's global sales rose more than 15 percent last year, they plunged in Southeast Asia.

PSA chief executive Carlos Tavares hailed the deal as "a significant leap forward for Group PSA which will lead to the development of a profitable business in the region".

PSA had previously expressed an interest in taking a stake in local car brand Proton after it announced it was seeking an overseas partner but in the end Chinese auto giant Geely won a large stake in the Malaysian firm.

Proton and another local marque Perodua had long been dominant players in the Malaysian car market but have suffered in recent years because of tough competition from Japanese, South Korean and European models.

- with AFP

Related
 
Sorry but the period of time connection to the operation is exceeded.