SINGAPORE/BANGKOK -- Malaysia's auto industry is undergoing a government-led mega-merger, bringing together two conglomerates controlling more than half of the market to catch up with the rest of the world's shift to electric vehicles.
Automobiles
Malaysia creates national auto champion, targeting EV pivot
Sime Darby purchase of UMW unites brands from Toyota to Perodua under its banner
Perodua, backed by conglomerate UMW Holdings, is Malaysia's top automaker. © Reuters
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