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‘U-turn’ seen for Ayala takeover of underachieving Kia PH

Think of it as like Popeye finding his can of spinach when a sputtering Kia brand in the Philippines got “adopted” by the uber-powerful Ayala Corporation sometime late last year. When Kia Philippines was formally re-introduced the night of Jan. 30 at the Makati Shangri-La, what the public saw was the trademark energy of an […]

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Ayala brings Maxus vehicles to PH

Conglomerate Ayala Corp. has expanded its automotive portfolio with a deal to bring Maxus – a new brand of light commercial vehicles – to the Philippines, marking the fifth brand in its dealership portfolio. SAIC Maxus Automotive Co. Ltd. (Maxus) has appointed AC Industrial Technology Holdings Inc. (AC Industrials) as the official distributor of Maxus […]

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Ayala unit buys German auto supplier MT Misslbeck

The industrial holding firm of conglomerate Ayala Corp. has hatched a deal to take over MT Misslbeck Technologies GmbH (MT), a German supplier of models, tools and plastic parts to the automotive manufacturing industry. AC Industrial Technology Holdings Inc. (AC Industrials), through AC Industrials (Singapore) Pte. Ltd., signed the acquisition of 94.9 percent of MT […]

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Ayala, SM propose P25B Sta. Mesa-MOA tollroad link

The Ayala and SM conglomerates have teamed up to submit a P25-billion unsolicited proposal to build an 8.6-kilometer elevated tollroad that will link Sta. Mesa, Manila to the Mall of Asia complex. The proposed tollroad “C3 Elevated Expressway,” which will pass through the central business district, had been submitted to the Department of Public Works […]

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KTM to expand to 31 dealerships in 2017

  Adventure Cycle Philippines, Inc. (ACPI) held a media kick-off for their KTM Orange Day Tour event last Friday, January 27 at the Italianni’s BGC, Taguig. Here’s the news from KTM: The kick-off event was attended by the media and guests instrumental in the successful launch and opening of the Ayala-owned dealership in Bonifacio Global […]

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Ayala wins bid for assets of Chevron in PH, Indonesia

The power generation arm of conglomerate Ayala Corp. will acquire significant stakes in the geothermal assets being sold by multinational energy giant Chevron, the holding firm of the Zobel family said. In a press statement, Ayala Corp. said its wholly owned subsidiary AC Energy Holdings Inc.—as part of separate Indonesian and Philippine consortia—signed share-sale-and-purchase agreements […]

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KTM PH sells first motorcycle

THE AYALA group, which has debuted into the motorcycle business through a partnership with Austria-based KTM AG, has sold its very first KTM motorcycle.  The buyer of the KTM 1190—which is designed for adventurers who like offroad traveling—is Tjader Regis, a businessman from Davao City and proprietor of Davao UAS Photography, which specializes in unmanned […]

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Ayala to manufacture KTM motorbikes

CONGLOMERATE Ayala Corp. is debuting into the motorcycle manufacturing business through a new partnership with Austria-based KTM AG, which has chosen the Philippines to be its hub in Southeast Asia. This industrial venture is part of Ayala’s overall bid to become a bigger player in automotive manufacturing and diversify its stream of net income, which […]

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Ayala announces plans to build KTM bikes in PH

During its annual stockholders’ meeting, Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala announced the group’s five-year plan to increase its net income to P50B. Dubbed “Ayala 2020”, the plan also seeks to improve shareholder return on common equity to 15%; expand equity earnings contribution of businesses outside its four largest business units […]

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Ayala eyes major automotive investment

Ayala Corp. is preparing to be a bigger player in local automotive manufacturing, ready to pour billions of pesos in an industry long dwarfed by peers in the region but henceforth seen to benefit from rising consumer affluence and new sweeteners offered by the government’s comprehensive automotive resurgence strategy (CARS) program. In a recent interview […]

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Jun 19, 2019

The Mazda 3 sedan and hatchback represent a crucial period in the Hiroshima-based manufacturer’s history.

May 29, 2019

The International Engine (now with + POWERTRAIN) of the Year Awards has a wide array of winners, and almost

May 29, 2019

f there's any hard evidence that this so-called "golden age of motorization" in the Philippines is well underway, it's

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