Japan's Daihatsu is building a RM222 million ($73.7 million) plant in Malaysia to produce electronic automatic transmissions for local auto maker Perodua’s range of vehicles. Production is to begin in November with an initial output of 150,000 units a year. The Malaysian Investment Development Authority says the factory is being built by Akashi-Kikai Malaysia, a joint venture among Daihatsu, Japan’s Akashi-Kikai Industry and Perodua. The new JV is 51%-owned by ...
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