MALAYSIA: Fuji starts XV production
Fuji Heavy Industries has started production of the Subaru XV crossover SUV at Tan Chong Motor Assemblies in Malaysia.
CKD assembly of the crossover is carried out under contract by TCMA with an initial production plan of 5,300 units a year. Locally-assembled models will also go on sale in Malaysia, Thailand and Indonesia through Tan Chong Group's distribution channels.
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Vehicle sales growth and currency gains offset by new model launch expenses saw Subaru maker Fuji Heavy Industries boost operating income 173.9% to JPY120.4bn yen for the full year to 31 March, 2013....
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