General Motors Corp.’s joint venture in Malaysia with DRB-Hicom Bhd says it will move ahead with its expansion plans, as the operations are independent of the bankrupt U.S. parent. Hicom-Chevrolet Sdn Bhd is 51% owned by GM Asia Pacific Holdings LLC and 49% by DRB-Hicom, the sales, distributor and marketer of Chevrolet brands in Malaysia. “We are a joint-venture entity and are independent of the court proceedings in the U.S.,” Hicom-Chevrolet’s CEO Sanjeev Garg tells The Edge Financial ...
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