MANILA, Philippines–The Ayala conglomerate has boosted its industrial arm with a deal to acquire a controlling stake in C-CON Group, a German engineering, design and manufacturing group catering to the automotive space. A unit of Ayala’s wholly-owned…
There’s that saying that it was the Germans who taught cars how to walk. Followers of the development of German automotive engineering will know that the saying has a loud ring of truth to it.…