PARIS -- PSA/Peugeot-Citroen SA and the Naza Group have signed a deal to have the Malaysian automaker build 60,000 units of the Peugeot 408 from 2011 to 2016.
The deal is part of PSA's aim to grow in the Association of Southeast Asian Nations (ASEAN) region, particularly in Malaysia where PSA wants to increase its market share to 3 percent by 2015 from less than 1 percent this year on sales of about 3,500 cars.
Naza will begin production of right-hand-drive versions of the 408 mid-sized model line at its Gurun plant in January.
The financial terms of the agreement were not disclosed.
Naza began making the Peugeot 207 subcompact for PSA in September. PSA expects Naza to produce 6,000 units of the model a year beginning in 2011.
Naza also builds the Peugeot 206 for PSA.