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 vehicles in the Philippines, AC Industrials' parent conglomerate Ayala Corp. disclosed to the Philippine Stock Exchange on Monday. Maxus is a wholly owned subsidiary of Shanghai-based SAIC Motor Corp. Ltd. (SAIC), which has an "emerging" portfolio focused on light commercial vehicles. Launched in 2011 after SAIC's acquisition of ...
Keep on reading: Ayala brings Maxus vehicles to PH
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