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Post-takeover of UMW by Sime Darby, Toyota Hilux and Ford Ranger to be frienemies under one group

Following yesterday’s announcement by Sime Darby Berhad to acquire 61.2 percent of UMW Holdings for RM 3.57 billion, it’s still business as usual at UMW Toyota Motor (and Perodua) this morning, but th ....

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