CKD Volkswagen models in December

MODEL local assembly (CKD) for the Volkswagen Passat and Polo result pact ties between DRB-Hicom Bhd and Volkswagen AG (VW) will be released by the end of this year, said Managing Director of Volkswagen Group Malaysia (VGM), Ricky Tay. Two models of passenger vehicles through the cooperation of the Malaysian automotive conglomerate and Europe's largest automotive company, will be installed in the automotive complex, Pekan, Pahang.

He said production of the CKD model, VW will strengthen efforts to increase market share in the country to 10 percent within the next few years, in line with the desire to be the market leader for non-national car in Malaysia.
As of last June, the vehicle manufacturer based in Wolfsburg, Germany in this country is 1.4 percent, 0.2 percent higher than last year. Since the VGM was established in 2006, the brand is experiencing rapid growth with sales of about 700 vehicles per month on the market Malaysia, he said at a press conference in conjunction with Volkswagen Das Auto Show 2011 in Kuala Lumpur yesterday. Also present were Senior Vice President of Overseas Production Volkswagen Group, Dr. Christof Spathelf and Head of Sales Division China and ASEAN, Wei Ming Soh. Previously, Volkswagen Passat and Polo, respectively, are models fully imported (CBU), is priced at RM254, 888 and RM108, 888. Last December, DRB-Hicom and VW entered into an exclusive collaboration and licensing agreement witnessed by Prime Minister Datuk Seri Najib Razak. Under the agreement It allows DRB-Hicom assemble and produce VW brand vehicles in Malaysia and the local automotive conglomerate is expected to produce about 30,000 vehicles annually by 2015 the brand involved, before further enhanced its production to 60,000 units in 2020. Strategic alliances involving an initial investment of close to RM1 billion, also shows VW's commitment and confidence of the investment and business environment in the country at once will help make Malaysia a hub in the ASEAN automotive. On the same, Ming Soh said the Volkswagen Group, which also produce branded vehicles Audi, Porsche , Bentley, Bugatti, Lamborghini, Seat, Skoda and Scania posted sales of five million units in the first seven months of this year around the world. Of the total, passenger cars accounted VW sold about three million units, while in terms of brand, the it recorded a strong growth of 16 percent in the Asia-Pacific, he said.