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Carmaker PSA, Malaysia’s Naza sign deal to produce PSA cars for Asia

A Peugeot logo is seen on a car which is displayed at PSA Peugeot Citroen headquarters during the company's 2014 annual results presentation in Paris



French carmaker PSA and Malaysian company Naza Corp have signed a deal to jointly produce PSA-branded cars for Malaysia and other Asian markets, as part of plans by the owner of Peugeot to boost its presence in the region.

The companies said on Monday that they had signed a share sale agreement and a joint venture agreement to establish a shared manufacturing hub in Gurun, Kedah, in Malaysia. PSA will own a 56 percent stake in the manufacturing hub, but no deal value was disclosed at the press event in Kuala Lumpur.

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