Cycle & Carriage Bintang Bhd says a joint venture agreement it signed with DaimlerChrysler AG Sept. 5 for wholesale distribution of Mercedes-Benz vehicles in Malaysia will harm its future earnings. C&C had held exclusive distribution rights to Mercedes vehicles in Malaysia since 1974. Last year, DC claimed distribution rights from C&C’s Singapore associate, C&C Ltd., so that it could be directly involved in the region. C&C says the JV, effective Jan. 1, will leave it ...
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