PETALING JAYA: SAIC Motor Corp Ltd, which is among the big-four automotive companies in China, has joined hands with Tan Sri Syed Azman Syed Ibrahim’s commercial vehicle business unit Weststar Maxus Sdn Bhd (WM) in a deal worth up to RM1bil.
According to sources close to the deal, SAIC, which is the biggest commercial vehicle manufacturer in China and a Fortune Global 500 company, will take up a stake of up to 49% in WM and jointly establish an assembly plant here with investments totalling up to RM1bil.
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