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DRB-Hicom, VW To Invest Additional Ringgits 600m in Malaysian JV

Malaysian car manufacturer Proton's parent company DRB-Hicom and German vehicle manufacturing group Volkswagen AG will invest an additional Ringgits 600m (US$197.68m) in their venture in Malaysia. The additional funds will go into an assembly plant. The collaboration between the two companies stands at Ringgits 1bn at present. The announcement was made It’s time to log … Continued

Malaysian car manufacturer Proton's parent company DRB-Hicom and German vehicle manufacturing group Volkswagen AG will invest an additional Ringgits 600m (US$197.68m) in their venture in Malaysia. The additional funds will go into an assembly plant. The collaboration between the two companies stands at Ringgits 1bn at present.

The announcement was made

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