{
    "success": true,
    "data": {
        "id": 1368938,
        "msgid": "bmw-takes-over-distribution-in-kl-1447893297",
        "date": "2003-07-15 00:00:00",
        "title": "BMW takes over distribution in KL",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "BMW takes over distribution in KL KUALA LUMPUR: German luxury car maker BMW will take over the distribution of its vehicles in Malaysia ahead of market liberalization here in 2005, a report said Monday. BMW will sign a pact Tuesday with local franchise Sime Darby Bhd. to set up a joint venture company, in which it will hold a 51 percent stake and Sime the balance, the New Straits Times reported.",
        "content": "<p>BMW takes over distribution in KL<\/p>\n<p>KUALA LUMPUR: German luxury car maker BMW will take over the<br>\ndistribution of its vehicles in Malaysia ahead of market<br>\nliberalization here in 2005, a report said Monday.<\/p>\n<p>BMW will sign a pact Tuesday with local franchise Sime Darby<br>\nBhd. to set up a joint venture company, in which it will hold a<br>\n51 percent stake and Sime the balance, the New Straits Times<br>\nreported.<\/p>\n<p>The move ended months of negotiations between the two parties<br>\nand came after BMW decided last year to make Malaysia the<br>\nregional center for its Asian operations, it said.<\/p>\n<p>Sources were quoted as saying that Sime, which sells around<br>\n2,000 BMW vehicles a year in the country, would retain its<br>\nassembly and retail rights.<\/p>\n<p>The Bavarian company is expected to set up an office in the<br>\nCyberjaya township south of Kuala Lumpur as well as a<br>\ndistribution base in the Port of Tanjung Pelepas in southern<br>\nJohor state, the daily said. -- AFP<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bmw-takes-over-distribution-in-kl-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}