Malaysia: Peugeot 408 to be launched next week image

The Peugeot 408 will be finally launched in Malaysia next week, according to the French based car manufacturer.

After PSA and NAZA have signed a joint venture earlier this year to start assembly of the mid-size Peugeot 408 in Malaysia, the model will finally hit the dealerships of the Asian country next week. According to the company, Peugeot and NAZA are planning to manufacture 60,000 units of the 408 over the next five years, out of which 60 percent will be exported to other markets in the region.

“The Peugeot 408 is locally-assembled at NAZA Automotive Manufacturing (NAM) in Gurun Kedah and is ready to be launched for both Malaysian and regional markets. We are targeting to produce 60,000 units of the 408 over a five-year period beginning 2012 and we plan to export 60% of that total to markets in the region”, said the Joint Group Executive Chairman of the NAZA Group, SM Nasarudin SM Sasimuddin.

Even if the Peugeot 408 has been officially confirmed for production and launch in Malaysia, the company didn’t say anything about its engine lineup, prices or options just yet, but rumors are saying that the model will hit the market with a 1.6 liter turbocharged engine at first. The Peugeot 408 is the company’s attempt to fill the gap between the 407 and the 508 and the model is already available in China, with a 1.6 liter engine developing 108 HP, along with a 2.0 liter 150 HP unit.