A luxury automaker known for its ‘precision engineering’ will be setting up a base in Malaysia soon, minister of international trade and industry Datuk Seri Mohamed Azmin Ali said at a civil servants’ gathering, Malay Mail reported.
This automaker is most likely to be Porsche. Last month, The Edge Weekly published a report stating that the German automaker is setting up a local assembly plant in Malaysia, and it is understood to have planned for CKD assembly of the Macan and Cayenne SUV models in the country.
The minister said that the car company has agreed to operate in Malaysia, although the minister said that he is not at liberty to reveal the identity of the manufacturer. “I can say that there is one car manufacturing company. This is one which produces expensive cars, not cheap ones,” Azmin said.
“I cannot announce [their identity] yet, although they have agreed [to operate in Malaysia], and this is the first plant outside that particular country. This is about precision engineering, [which means that they will be] making cars which are among the most expensive in the world. So, the factory will be here in Malaysia,” the minister said.
Of its current line-up, Porsche manufactures the Cayenne in Bratislava, Slovakia, which is a Volkswagen-owned facility that also makes the Volkswagen Touareg, Audi Q7 and Q8. This would make the upcoming Kulim, Kedah facility Porsche’s first located outside native Germany.
The earlier Edge report stated that Porsche is working with Inokom for the setting up of the plant in the northern region, and this would be a logical partnership as Inokom is a a subsidiary of Sime Darby Motors, which also owns Porsche distributor Sime Darby Auto Performance.
Only the base models of the Macan and Cayenne are expected to be locally assembled, which means that GTS or Turbo variants won’t see the significant price drops that result from CKD operations, and there won’t be CKD versions of two-door sports cars such as the Boxster, Cayman and 911 on the horizon.
Porsche has previously rejected the idea of manufacturing its cars in China, its largest and most profitable market, even if it could stand to significantly increase its sales numbers by doing so.
CEO Oliver Blume, who is also on the board of parent company Volkswagen, stated that it is worth absorbing higher costs for the cachet of being a ‘Made in Germany’ brand among its buyers. “That’s also the feedback we got from our dealerships and from our customers,” Blume told Financial Times last month.
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Yes!! *doing syoik-syoik joget*
Yess! Syukurla more FDIs … miti gomen terbaik!
This is the so called “Selective Investment”
We can selectively choose the investments we need to advance or we can continue foreign workers reliant investments.
MITI policy to attract high-quality, high-tech investments showing instant gamechanging results.
This Porsche investments is proof. Many have full confidence in how things are being run…Syabas MITI!
Layang for what.
Keep it up minister of MITI Datuk Seri Mohamed Azmin!! semoga semua urusan dipermudahkan..
Mc Dunno
Keep it up? Wait a minute…dont just bodek without looking at the facts.
About Rm20 billion of car /battery mega manufacturing projects was given to Jokowi & Co.All these comprise high volume car and related products.
Here,this socalled new investment wont be high volume,just giving some face saving to our much criticised menteri ,for the “losses” to our haze producing neighbour.
It is very sad,we have people who cant differentiate right from wrong,low volume and high volume,and just blindly lead the naive.
https://paultan.org/2021/02/05/indonesia-rich-in-nickel-has-received-an-investment-proposal-from-tesla-focus-is-on-making-ev-batteries/
This is the sole reason why EV makers are flocking there.
Alah lu banyak bisinglah, masih elok lah tu kerajaan dapat tarik pelabur luar semasa zaman persaingan ekonomi yang mencabar ni. Lu kerja kilang pun tak mau ini bising suruh kerajaan bukak kilang 20 billion. Ingat senang nak cari pekerja? kita negara tak banyak man power. Nak harap perkerja luar itu banyak proses nak tukar ganti pekerja, insurans perkerja luar negara lagi visa lagi itu belum penyediaan tempat tinggal. Dia pilih Indonesia itu orang dia jalan kaki je pergi kilang sebab dia man power ramai.itu pun tak boleh pikirkah?
Lu banyak bising lah. Masih ok lah kerajaan dapat tarik pelabur asing semasa zaman persaingan ekonomi mencabar ni.lu kerja kilang pun takda mau ini lagi suruh kerajaan bukak kilang 20 billion. Ini lagi nak cari pekerja nak kena pikir visa lagi, pengantian pekerja susah nak kena ambik dari luar, mcm-mcm proses lagi ini belum menyediakan tempat tinggal. Itu syarikat pilih Indonesia sebab dia takde masalah ini dia itu pekerja jalan kaki pergi kilang haya itu pun tak leh pikirkah?
If they pay as in Germany (6500 Euro bonus for the average worker), than this is the company to apply for a job.
your dream to high paying jobs practically gone. after i left.
Might be Opel…
Investment is investment luxury or not, my concern though is whether it is a “new” investment or using existing unused facility.
now gov staff can drive porsche…cos “buatan malaysia”
betull. all jabatan, majlis daerah & kementerian staff can drive porsche…cos “buatan malaysia”.
Glad to hear to hear that the plant will be in Kedah. I am proud to be a Kedahans.
Had a thought. Isnt precision Acura’s marketing branding? Their logo is literally a caliper, used in designing precision. Does it mean the American luxury arm of Honda is finally coming to Malaysia? And not Porsche. Bahahaha.