Europe’s No.2 carmaker PSA Peugeot Citroen has signed another deal with Malaysia’a Naza to produce 70,000 vehicles at its Gurun plant just north of Kuala Lumpur. The French carmaker, already making great gains in Asia, has worked with Naza to produce Peugeot vehicles since 2006 and this latest deal is their third major contract. New Asean trade freedoms promise to open up lucrative opportunities nearby, and the company would like to use its Malaysian base to reach even further into the Pacific region and Africa.

source & article: Sydney Morning Herald (which erroneously mentions Australia as part of Asean)