Wednesday, September 2, 2009

GM Terminates Pact with DRB-HICOM

General Motors Corp (GM) has ended its agreement with DRB-HICOM for the exclusive distribution of
Chevrolet vehicles in Malaysia effective Aug 31, sources said. DRB-HICOM also faces the risk of losing its job
as the local Chevrolet importer as GM is scouting for a replacement, they added. The US carmaker, sources
said, is now talking to the Naza group to handle both the import and distribution of Chevrolet. In the interim, GM
has turned to listed Permaju Industries’ outfit, Cergazam SB, to manage the franchise from DRB-HICOM.
Cergazam is already the largest Chevrolet dealer, operating four out of seven outlets selling the US cars
nationwide. (BT)

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