Mercedes-Benz shifts gears in Malaysia

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Mercedes BenzGerman premium car maker Mercedes-Benz is starting off its tenth year in Malaysia by committing to $91.9 million of investments through 2016.

The company sold a record 8,805 luxury vehicles in Malaysia in 2012 and plans to use the investment push to improve after-sales services and extend new models to the market.

Some $25.9 million of the proposed investment will go to upgrading its Pekan plant in Pahang to produce the new C-, E- and S-Class models. The remainder of the investment will focus on expanding and improving the company’s dealer network.

Mercedes-Benz currently has the largest dealer and service network among premium car brands operating in Malaysia, with 27 established dealers located throughout the country.

To date, Mercedes-Benz has invested $155 million in Malaysia to assemble, distribute, market and service its luxury brand passenger and commercial vehicles.

The car maker is also involved in Formula One together with Malaysia’s oil giant Petronas, running the Mercedes AMG Petronas Formula One Team.

$1.8 billion Davos prize

The expansionist drive by Mercedes-Benz comes just days after Malaysia was courted by international investors at the sidelines of the Davos World Economic Forum.

Several multinational corporations committed to roughly $1.8 billion over the next several years across various industries.

Malaysian Prime Minister Najib Tun Razak confirmed that while the figure was not set it stone, several of the companies have already promised in principle.

The lion’s share of the investment is to be earmarked for Malaysia’s oil and gas industry, now expected to receive a rejuvenated boost after the discovery of an onshore well with net hydrocarbon thickness of 349 meters just outside of the city of Miri in Sarawak.

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Reading Time: 1 minute

German premium car maker Mercedes-Benz is starting off its tenth year in Malaysia by committing to $91.9 million of investments through 2016.

Reading Time: 1 minute

Mercedes BenzGerman premium car maker Mercedes-Benz is starting off its tenth year in Malaysia by committing to $91.9 million of investments through 2016.

The company sold a record 8,805 luxury vehicles in Malaysia in 2012 and plans to use the investment push to improve after-sales services and extend new models to the market.

Some $25.9 million of the proposed investment will go to upgrading its Pekan plant in Pahang to produce the new C-, E- and S-Class models. The remainder of the investment will focus on expanding and improving the company’s dealer network.

Mercedes-Benz currently has the largest dealer and service network among premium car brands operating in Malaysia, with 27 established dealers located throughout the country.

To date, Mercedes-Benz has invested $155 million in Malaysia to assemble, distribute, market and service its luxury brand passenger and commercial vehicles.

The car maker is also involved in Formula One together with Malaysia’s oil giant Petronas, running the Mercedes AMG Petronas Formula One Team.

$1.8 billion Davos prize

The expansionist drive by Mercedes-Benz comes just days after Malaysia was courted by international investors at the sidelines of the Davos World Economic Forum.

Several multinational corporations committed to roughly $1.8 billion over the next several years across various industries.

Malaysian Prime Minister Najib Tun Razak confirmed that while the figure was not set it stone, several of the companies have already promised in principle.

The lion’s share of the investment is to be earmarked for Malaysia’s oil and gas industry, now expected to receive a rejuvenated boost after the discovery of an onshore well with net hydrocarbon thickness of 349 meters just outside of the city of Miri in Sarawak.

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