DaimlerChrysler Malaysia Sdn Bhd is paying Cycle & Carriage Bintang Bhd. 10.9 million Malaysia ringgit ($2.86 million) to agree to an early end to its contracts to assemble Mercedes-Benz vehicles. Cycle & Carriage says its Automobile Industries Sdn Bhd (AAI) and Srisari Sdn Bhd subsidiaries signed the agreement. Mercedes C-Class AAI assembles Mercedes C- and S-Class passenger cars and commercial vehicles, while Srisari assembles engines for the two cars and for the Mercedes ...
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