Tan Chong Motor continues to struggle due to soft demand

Losing money: The assembler and exclusive distributor of Nissan and Renault motor vehicles in Malaysia reported loss attributable to shareholders of RM35.3mil in the quarter ended March 31 against a loss of RM37.2mil a year earlier.

KUALA LUMPUR: Tan Chong Motor Holdings Bhd (TCMH), which fell into a loss last year after more than a decade of profitability, continued to struggle financially in the first quarter of 2017 due to softer demand for new vehicles.

The assembler and exclusive distributor of Nissan and Renault motor vehicles in Malaysia reported loss attributable to shareholders of RM35.3mil in the quarter ended March 31 against a loss of RM37.2mil a year earlier.