Naza signed an agreement with French automobile company Peugeot S.A. yesterday (29/6/2005) for the rights to assemble and distribute the Peugeot 206 model in Malaysia and possibly South-east Asia.

Update: Naza has launched the Naza 206 Bestari. Click here for an in-depth coverage.

The Peugeot 206

Production is expected to begin in early 2006 at Naza’s plant up north in Gurun.

The car will be relabelled as a Naza. Will it be called Naza 206, or will it have a Malay name like the Ria and Citra?

Cycle and Carriage Automobiles has been appointed to provide the after-sales support.

Currently Nasim Sdn. Bhd., a company under the Naza group is one of the dealers and sole importer of Peugeot cars in Malaysia is. Nasim Sdn. Bhd. distributes the Peugeot 206 1.4 and 1.6 16v models.

Is Mahaleel going to bitch about more money flowing out of Malaysia? Possibly as a countermeasure to any potential bitching, the spokesperson has quoted “possible export to South-east Asia”.

This translates into more money for Naza tycoon Nasimuddin Amin. Is Nasimuddin trying to establish as many alternative income channels as possible before he loses his priviledges as the AP King?

Oh, and Rafidah Aziz says she has no connections to him, I repeat, Radifah Aziz says she has no connections to him! :P

Source: Forbes, and my blog reader Eric.