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The core businesses under AC Industrials are Integrated Micro-Electronics, a global technology company in the Philippines and one of the top automotive EMS provider worldwide (based on revenues), [2] and AC Motors, a multi-brand dealership group and vehicle distributor carrying Honda, Isuzu, Kia, Volkswagen and KTM.
In 2013, Volkswagen returned to the Philippine market with the partnership of Ayala Corporation. In 2018, Volkswagen PH discontinued their international models such as the Jetta, Passat and the Golf GTS in favor of Chinese-sourced models like the Santana, Lavida, and Lamando as part of the new ASEAN-China Free Trade Agreement. [49]
German automotive giant Volkswagen is bracing for a showdown with trade unions shortly after it said it cannot rule out shutting factories in its home country for the first time in its nearly 90 ...
Volkswagen [1] Asia, ... Philippines: Mandaluyong (1958-1974) Quezon City (1974-1981) VW Beetle VW Brasília VW Passat VW Toro VW Type 2
Xpeng and Volkswagen forged a partnership in 2023, when Volkswagen bought 4.99% of Xpeng for around $700 million with plans to jointly launch two Volkswagen-branded EV models by 2026.
Volkswagen employee representatives say workers should not bear the brunt of management’s failure to produce appealing products
Bilyonaryo News Channel is a Philippine free-to-air and pay television news channel based in Quezon City, Philippines and it is currently owned by the Prage Management Corporation, the company behind business news website Bilyonaryo and other media platforms including Politiko and Abante. [1]
Volkswagen's China share dropped from 19% in 2019 to 14.5% last year. It has notched modest sales growth in the U.S. but will need to supercharge that to meet its market-share target.