French carmaker PSA, Malaysia's Naza in production JV to tap Asian markets

French carmaker PSA, Malaysia's Naza in production JV to tap Asian markets

FILE PICTURE: The Peugeot logo is seen at a dealership of French car maker PSA Peugeot-Citroen in Selestat, eastern France, September 7, 2012. REUTERS/Vincent Kessler

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 in order to establish a shared manufacturing hub in Gurun, Kedah, in Malaysia.

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