At 5pm yesterday, DRB-Hicom shares jumped 43 sen to RM23.50, its highest since May 2014.
MELAKA: DRB-Hicom Bhd
is in talks with two other auto brands to assemble their vehicles.
Its CEO Datuk Seri Syed Faisal Albar said he thinks the earliest a deal could be possibly sealed is in 2020.
“We cannot share more details at this point in time since it will also depend on if they agree or not. We are trying to expand this business as this is a good business and we believe we are quite good at it,” he said at the Media Escapade 2019 briefing yesterday.
Other than Proton, the company is also the assembler and or distributor for other car brands such as Honda, Isuzu and Mercedes.
“I’m happy to say that Hicom Automotive Manufacturers is the first assembler outside of Germany for the Mercedes S Class. They wouldn’t simply give anyone the right to assemble these range of cars if they are not doing well,” he said.
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