DRB-HICOM unit, DaimlerChrysler sign MoU


  • Business
  • Wednesday, 19 May 2004

DRB-Hicom Bhd unit Malaysia Truck & Bus Sdn Bhd (MTB) has signed a memorandum of understanding (MoU) with DaimlerChrysler Malaysia Sdn Bhd (DCM) to establish business relationships and to start negotiation on the assembly of Mercedes Benz E-Class cars at MTB’s Pekan plant. 

A statement from DRB-HICOM said the move was aimed at allowing DCM to consolidate its local assembly of both its commercial and passenger vehicles. 

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Toyota still has the drive
Hurdles in DBS’ Alliance Bank bid
Metals keep shining bright
Retailers get a lift from Sara
iCents eyes Asean
Ringgit likely to trade within narrow range next week ahead of BNM OPR decision
Reading the market signals
Breathing new life into forgotten spaces
Urban harmony: Can stakeholders row together?
China’s gold rush continues

Others Also Read