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KUALA LUMPUR: MBM Resources Bhd, which holds 86% of Federal Auto Holdings Bhd, a dealer of Volkswagen cars in Malaysia, will benefit from any expansion drive the latter decides to carry out in the country. “We act as distributors for Volkswagen and we will sell whatever new cars they decide to sell in Malaysia,” MBM’s finance manager Darren Kong told The Edge Financial Daily in a telephone interview yesterday. DRB-Hicom Bhd last Friday announced it would collaborate with Volkswagen AG to assemble and manufacture Volkswagen vehicles in Malaysia at the former’s plant in Pekan, Pahang. The joint venture will also see three new Volkswagen models being produced by the DRB-Hicom plant in Pekan by the end of the first quarter of 2011. Federal Auto currently has two dealer showrooms in Malaysia, located in Jalan 222, Petaling Jaya, and another in Johor Baru. Another showroom in Glenmarie is slated to open by year-end, said Kong. MBM Resources is currently the only listed company in Mal

Kuala lumpurAhmad maghful usmanDrb hicom bhdPetaling jayaJohor baruKavan mukhtyarDarren kongAuto holdings bhdMalaysian automotive associationFederal auto holdings bhdEdge financial dailyHicom bhdFederal auto