Mazda signs a joint-venture agreement with Malaysian distributor Bermaz to create Mazda Malaysia and begin manufacturing in the Southeast Asia country. Mazda holds 70% of the JV and 30% is controlled by Bermaz, a subsidiary of Berjaya Group. Bermaz says the partnership aims to increase local assembly and manufacturing activities of Mazda models. Berjaya Group says the auto maker will be able to reduce costs and gain a competitive advantage against other local car assemblers to support ...

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