Malaysia: Perodua earmarks capex of Ringgits 614.2m

Malaysian national vehicle manufacturer Perodua (Perusahaan Otomobil Kedua) has earmarked Ringgits 614.2m (US$201.08m) towards capital expenditure this year. Of this, around Ringgits 250-300m will go towards the development of a new compact car. This will be spread over two years. "New models are needed in this business and we will also work Subscribe to Automotive … Continued

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• January 13, 2011