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Corporate Business

MG Could Return to Malaysia

Chinese automotive conglomerate SAIC Motor Corp Ltd and local commercial vehicle distributor Weststar Maxus Sdn Bhd have signed an assembly and distribution deal worth up to RM1 billion in a move that could see the return of the MG brand in Malaysia, according to The Star. The report from the English language daily, citing sources close to the deal, states that SAIC is looking to take up a 49% stake in Weststar Maxus and will provide the distribution rights for its wide range of vehicles, including cars from the MG brand, passenger vans and pick-up trucks. These will add to SAIC’s Maxus brand of commercial vehicles that Weststar already sells. In addition, SAIC will also join forces with Weststar Maxus to set up an assembly plant here – Weststar currently builds Maxus vehicles at its facility in Port Klang, so […]