Malaysia secures RM63 bil in proposed investments from US corporations – Ford amongst these within the listing

Malaysia secures RM63 bil in proposed investments from US companies – Ford among those in the list

In recent times, Ford has had a reasonably quiet presence within the native automotive scene, however growth could also be on the playing cards, with information that the American automaker is about to spend money on the nation, based on a Bernama report.

Over the weekend, it was reported that Malaysia had secured a complete of RM63.02 bilion in proposed investments in the USA. In asserting this, prime minister Datuk Seri Anwar Ibrahim stated that out of the full, RM8.33 billion had been from the commerce and funding mission to the US that was organised earlier than the beginning of the Asia-Pacific Financial Cooperation (APEC) discussion board held in San Francisco final week.

Among the many investments secured by the commerce mission was that from Ford, though it was not revealed in what areas the corporate would make investments, nor how a lot it will put into the nation. It is usually not identified if the funding plans embody car manufacturing within the nation, and to what extent electrification will determine within the scheme of issues.

Malaysia secures RM63 bil in proposed investments from US companies – Ford among those in the list

At current, Ford conducts meeting operations in Thailand for fashions within the Ranger pick-up household in addition to the Everest SUV, however has but to outline plans or a shift in the direction of electrification within the area.

Nevertheless, issues appear to be they’re altering. Earlier this yr, the model introduced that it was investing in a nickel processing plant in Indonesia, becoming a member of PT Vale Indonesia and Zhejiang Huayou Cobalt in a USD4.5 billion (RM21 billion) enterprise to arrange the plant in Southeast Sulawesi. As for Malaysia, it stays to be seen what scope and breadth the reported funding will take.

Different investments secured by the commerce mission embody that from Abbott Laboratories, Boeing, Amazon Internet Companies and Amsted Rail. The remaining investments that had been secured had been from the assorted one-on-one conferences held by Anwar whereas on the APEC discussion board, and embody these from Google, Microsoft and TikTok.

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