DRB-Hicom And Volkswagen Ag To Collaborate On Production Of CKD Models

BERNAMA: August 13, 2010 20:36 PM

DRB-Hicom And Volkswagen Ag To Collaborate On Production Of CKD Models

KUALA LUMPUR, August 13 (Bernama) -- DRB-HICOM Bhd and Volkswagen AG on Friday signed a memorandum of understanding (MoU) to collaborate on the assembly and manufacturing of Volkswagen vehicles in Malaysia.

The MoU will pave the way for Volkswagen and DRB-HICOM to jointly plan the production of Volkswagen models in Malaysia, DRB-HICOM said in a statement.

The pact also included strengthening Volkswagen's existing sales activities and market presence in the country, said DRB-HICOM's group managing director Datuk Seri Mohd Khamil Jamil.

"This MoU is the culmination of intense discussions and both parties anticipate the production of the CKD (completely knocked down) models in Malaysia," he said.

The MoU was signed at Volkswagen Centre in Singapore by Mohd Khamil and Volkswagen's senior vice president, group manufacturing overseas, Dr Christof Spathelf and its head of sales for China and Asean, Soh Wei Ming.

Both Volkswagen and DRB-HICOM have planned that the Volkswagen CKD models will be assembled in Pekan, one of DRB-HICOM's automotive manufacturing facilities in Malaysia.

"We hope the entry of Volkswagen, Europe's biggest vehicle manufacturer into Pekan, would help to spur its transformation into a vibrant and self-sustaining regional automotive hub, as envisioned under the East Coast Economic Region initiative," said Mohd Khamil.

The group will also look at engaging the full participation of its component manufacturing companies, in a move to support Volkswagen's localisation programme, in line with the National Automotive Policy, he said.

"We are looking forward to an exciting future with Volkswagen and we foresee a mutually beneficial and successful partnership, especially in promoting and augmenting the national automotive industry," he added.



-- BERNAMA

Source: http://www.bernama.com/bernama/v5/newsbusiness.php?id=521107 

UMW Toyota: RON 95 OK for Toyota and Lexus vehicles

UMW Toyota: RON 95 OK for Toyota and Lexus vehicles

KUALA LUMPUR, Sept 4 — UMW Toyota Motor said today the RON 95 petrol is suitable for use in all Toyota and Lexus vehicles sold by the company.

The exclusive distributor of Toyota and Lexus vehicles in Malaysia said owners of these cars, who are currently using RON 97 petrol, can switch to RON 95 without encountering engine damage or performance loss.

UMW Toyota was responding to questions on the suitability of the new petrol for all vehicles following the government's decision to replace RON 92 petrol with RON 95 from Sept 1, 2009. — Bernama

SOURCE 1: Bernama...

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Petrol Price Higher "because of subsidy"

PUTRAJAYA, Sept 2 – The price of petrol had to be adjusted upward “because of an increase in subsidy”, Prime Minister Datuk Seri Najib Tun Razak explained today.

He said the government was committed to a 30 sen subsidy for every litre of petrol sold to the rakyat (people).

“Our promise to the rakyat is a subsidy of 30 sen but the subsidy is currently more than 30 sen. So there has to be a slight adjustment, a minor adjustment," he told reporters after announcing the winner of the 1 Malaysia song competition at Bangunan Putra Perdana, here.

He was asked to comment on the increase in the pump price for RON95 from the RM1.75 announced earlier to RM1.80 per litre while RON 97 is now sold at RM2.05 from RM1.80 previously, both effective since yesterday.

As he was answering the question during the press conference, Najib said he would provide a detailed explanation later. – Bernama

Source: The Malaysian Insider, 4 September 2009.

http://www.themalaysianinsider.com/index.php/malaysia/36696-petrol-price-higher-because-of-subsidy

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