Ipoh Motors was acquired by CCB and became a wholly owned subsidiary. Ipoh Motors was incorporated in 1947 by tin-mine merchants and town bus operators. The acquisition gave CCB immediate access to an established motor retailing business in Perak.
CCB acquired 100% interest in Hercules Automotive Engineers to facilitate the manufacture and assembly of trailers and commercial vehicle body structures.
CCB opened a new service centre for passenger and commercial vehicles in Batu Caves, Selangor to cater to increased after-sales demands.
CCB scaled down the business of Hercules Automotive Engineers during the Malaysian economic recession.
CCB was awarded the Mazda franchise.
CCB acquired 64% interest in Asia Automobile Industries to facilitate the assembly of Mercedes-Benz passenger cars which complement CCB’s commercial vehicle assembly activities.
CCB acquired 100% interest in Srisari to facilitate the acquisition of Wisma Bintang and the adjacent service centre.
New corporate identity with the ‘Wheels of Progress’ logo was launched, signifying a century of excellence and continuous growth in its businesses.
Hercules Automotive Engineers started the business of fitment of vehicle accessories.
CCL Group Properties was formed to hold the Group Property interests in Singapore and Malaysia. CCB acquired 20% stake.
Jardine Motors acquired 12% stake of CCB.
Asia Automobile Industries took over the assembly of Mercedes-Benz and Mazda commercial vehicles from CCB.
Asia Automobile Industries started assembly of Mercedes-Benz S-Class and C-Class passenger cars.
CCB acquired 30% stake of Cycle & Carriage (Malaysia) from C&C.
CCB disposed of its 40% interest in the loss making Maroda.
CCB diluted its interest in MTU Services (Malaysia) (formerly known as Diesel Product & Support) from 45% to 20% to allow increased Bumiputra participation in this company.
Srisari which was formerly dormant started assembly of Mercedes-Benz passenger car engines.
CCB was awarded the Kia franchise.
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