Honda
confirmed this week that its new joint venture Malaysian plant will begin producing
20,000 cars a year from early 2003, Deutsche Presse-Agentur reported.
Quoting
Honda sources, the news agency said DRB-Oriental Honda Sdn. Bhd. will manufacture
the Civic, Accord and two other models.
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Other reports from Asia suggest one of these is likely to be the City, a small
four-door sedan designed especially for emerging markets while the second will
probably be a new-generation Logo city hatchback, due for launch in Japan and
Europe beginning later this year.
Quoting the Honda sources, Deutsche Presse-Agentur said that the joint venture
company will start building a plant on 320,000 square metres of land in Pegoh
next month and the total investment is estimated at 5.4 billion yen ($US45 million).
Honda owns a 49 per cent stake of DRB-Oriental Honda which is capitalised at
about 16 billion yen ($US133 million), the report added.
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By GlobalData
The remaining 51 per cent is split between Malaysian firms Orient Holdings
Bhd. and its subsidiary Kah Motor Co.
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