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MFTBC and DaimlerChrysler Malaysia Join ForcesJanuary 18 , 2005
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Tokyo – Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and DaimlerChrysler Malaysia (DCM) have joined forces in Malaysia. Effective January 1, 2005, DCM has assumed full responsibility for the wholesale distribution of MFTBC trucks and buses in Malaysia. The previous distributor USF-HICOM will continue to play a major role in retail functions in recognition of its tremendous efforts in the past for building up the Mitsubishi Fuso network throughout Malaysia. As announced in October 2004, Malaysian Truck and Bus Sdn Bhd (MTB), a subsidiary of DRB-HICOM, will continue to assemble Mitsubishi Fuso Trucks in Pekan, Malaysia. The wholesale agreement is another step in MFTBC’s strategy to bolster its leading position in Asia. As a consequence of the agreement, the sales and service network offering Mitsubishi Fuso products in Malaysia will be greatly expanded making it easier for MFTBC to expand sales and satisfy customers. At the same time, DCM will be able to expand the product portfolio in Malaysia where it already offers Mercedes-Benz commercial vehicles. In fiscal year 2003, MFTBC sold a total of more than 1,100 vehicles in Malaysia. With about 1,050 units, the Canter light-duty truck is particularly popular in the country. The company’s market share reached about 8% in 2003. MFTBC’s global sales of trucks and buses in fiscal year 2003 reached 193,000 units. In March 2004, MFTBC became a fully consolidated subsidiary of DaimlerChrysler AG. By raising its share to 65%, DaimlerChrysler expressed its full long-term commitment to Mitsubishi Fuso. As an integral part of the largest commercial vehicle manufacturer in the world, MFTBC is better positioned than ever to master its current challenges in Japan and to compete in the increasingly competitive global truck and bus market. |
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