Volkswagen AG has an assembly agreement in Malaysia, but it isn’t with Proton Holdings Bhd. After years of fruitless on-off talks with the national car maker about local assembly, VW has turned to conglomerate DRB-Hicom Bhd. DRB-Hicom tells the Malaysian Stock Exchange it has signed a memorandum of understanding with the German auto maker to begin assembly next year. “VW AG intends to grant DRB-Hicom the rights to manufacture and assemble complete-knocked-down models of Volkswagen ...

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