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. 

Subscribe now for a chance to win your dream holiday!

Monthly Plan


Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit opens higher against US$, major currencies
Trading in Well Chip shares commences with 50% jump
Bursa Malaysia rebounds as investors find their footing
Trading ideas: MAHB, RCE, Crescendo, Eversendai, Grance Central, Protasco, YX, Managepay
Oil drops as investors look past Biden exit, focus on weak fundamentals
Wall St closes higher as investors return to megacap stocks
Protasco falls on disposal of education unit
SC warns public about deepfake investment scams
Mixed reaction from investors to Biden exit
PBoC cuts key policy rate to buoy economy

Others Also Read