Soong selling Ferrari-Maserati-Jaguar-Land Rover dealership
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January 21,2015
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For someone whose romance with beautiful cars has been a never-ending road trip, giving up the wheel of his cherished luxury car business must be heartbreaking.
Businessman Wellington “Willy” Soong is reportedly selling control of his exclusive dealership contract for Jaguar, Ferrari, Maserati and Land Rover Rover in the country.
A buzzard told us that Soong was selling between 51 and 67 percent of Autostrada Motore Inc. and Jaguar/Land Rover/Range Rover Philippines valued at close to P2 billion.
Soong did not reply to Biz Buzz’s query for confirmation.
The septuagenarian brought in Jaguar in 1997, the Ferrari and Maserati brands in 2002 and Land Rover in 2004. The dealership has one big showroom in Bonifacio Global City.
So why is Soong selling his crown jewels now? Who will swoop in to buy his baby? And is an exclusive dealership transferable?–Gil Cabacungan
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