Asia Automobile Industries started assembly of Kia commercial vehicles.
CCB disposed of the remaining 20% interest in MTU Services (Malaysia).
CCB’s stake in CCL Group Properties rose to 40%.
CCB gave up the Kia franchise.
Asia Automobile Industries became a wholly owned subsidiary of CCB after CCB’s
acquisition of the remaining 34% interests. The company achieved ISO 9002
certification for Mercedes-Benz passenger cars trim and final assembly process.
CCB invested in a Mercedes-Benz showroom at Jalan U-Thant near the Kuala Lumpur City Centre area.
Asia Automobile Industries and Srisari achieved the MS ISO 9002:1994 certificate for the assembly of Mercedes-Benz passenger cars, engines and commercial vehicles.
Cycle & Carriage Automobiles was incorporated as a wholly owned subsidiary of CCB.
Cycle & Carriage Automobiles was awarded the Peugeot franchise.
Asia Automobile Industries and Srisari achieved the MS ISO 9001:2000 certificate.
Jardine Matheson Group obtained a controlling shareholding in C&C.
C&C renamed as Jardine Cycle & Carriage ("JC&C").
CCB ceased to be the exclusive Mercedes-Benz distributor in Malaysia, and acquired 49% of Mercedes-Benz Malaysia (the distributor for Mercedes-Benz in Malaysia, custodian of brand, products and services of Daimler AG, Germany). CCB became the main dealer of Mercedes-Benz.
Malaysia’s first Mercedes-Benz Autohaus is opened in Ipoh.
CCB acquired the remaining 70% interest in Cycle & Carriage (Malaysia) from JC&C.
JC&C's acquisition of Jardine Motors stake in CCB, increases its shareholding to 59%.
Asia Automobile Industries and Srisari terminated the Mercedes-Benz assembly contracts with Mercedes-Benz Malaysia.
40% owned CCL Group Properties commenced members’ voluntary liquidation after disposal of its Menara Weld and Wisma Cyclecarri.
The largest Mercedes-Benz Autohaus in Malaysia started its operations in busy Federal Highway, Petaling Jaya. It has also become the headquarters for CCB's Mercedes-Benz businesses.
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