Tan Chong Motor Holdings Bhd
's wholly-owned subsidiary TC Euro Cars Sdn Bhd (TCEC) will invest up to RM40mil to locally assemble Renault cars.
Tan Chong executive deputy chairman Datuk Tan Heng Chew said commercial production and sales of completely knocked down (CKD) units of Renault Kangoo was expected to commence in the fourth quarter of 2004.
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