Following the memorandum of understanding on Aug 2010, Volkswagen is expected to roll out three completely knocked down (CKD) models from the Pekan plant by the end of the first quarter 2011.
The three possible models could be the Golf, Beetle and Passat as they were Volkswagen's top three selling models in Malaysia currently.
As at June 2010, Volkswagen had sold 273 Golf GTis, 96 Beetles and 90 Passats, with all three models combined representing as much as 68 per cent of the total volume sold.
DRB-Hicom will also likely start the CKD assembly of the Audi (also part of the Volkswagen group) by 2012, for which it intends to increase yearly sales from 700 to 1,000 units.
FBM KLCI - ended at intraday low, in sync with regional downtrend
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Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI
closed at its intraday low, driven by a last-minute sell-off in utility
stocks...
21 hours ago
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