BCorp-SAIC ink MoU to explore local production of MG cars

By TMR

Berjaya Corp Bhd (BCorp) is exploring a plan to manufacture, assemble and sell Morris Garages (MG) cars in Malaysia.

BCorp has entered into a non-binding memorandum of understanding (MoU) on Jan 16, with SAIC Motor Passenger Vehicle Company (SMPV) for the proposed collaboration, BCorp announced to Bursa Malaysia today.

The MoU will explore the possibility for manufacturing of MG cars, assembly and sale as well as provision of after sales services and other related supporting services in Malaysia.

SMPV is a subsidiary of SAIC Motor Corp Ltd, listed on Shanghai Stock Exchange and is involved in the manufacture and sales of self-owned brands vehicles including Roewe and MG.

Bcorp said the MoU will enable discussions and in-depth studies into the proposal, with a separate announcement will be made if the parties enter into definitive agreements.

MG is a British automotive marque registered by the now defunct MG Car Company Ltd, a British sports car maker.