Author: Chip
Sime Darby, already representing Ford, Land Rover and Alfa Romeo in Malaysia, will soon add a prestigious luxury brand to its portfolio – Porsche. A Letter of Intent has been signed with Porsche Asia Pacific Pte Ltd and Sime Darby is expected to officially begin operations by the end of the first quarter of 2010. Sime Darby will take over from the Jaseri Automotive Group full responsibility for the importation, distribution, sales, marketing, PR and after-sales service for Porsche cars in Malaysia. This also includes the right to appoint dealers and service centres.
It is understood that the Porsche business will not come
under the Auto ConneXion umbrella and will be an independent unit under a new Sime Darby subsidiary which will be set up. This new subsidiary will take over the present Porsche Centre at Glenmarie in Selangor which is operated by Auto Eurokars, a subsidiary of Jaseri Automotive.
This facility will remain the base for Porsche Sales and Service while additional Porsche Centres will be added in due course. Commenting on this development, Dato’ Lawrence Lee, Sime Darby’s Executive Vice President, Motors Division said: “We are thrilled to have the opportunity to add the Porsche brand to our stable, and are certain that our depth of experience in representing some of the world’s best-known marques will stand us in good stead in this partnership. Malaysia will be our second representation of Porsche as we are currently representing the brand with a Porsche Centre in New Zealand.”
The Chairman of Jaseri Automotive, Dato’ Mokhzani Mahathir, will continue to be involved in the Porsche business as he will remain as a shareholder in this new company. In as far as APs are concerned, Sime Darby, as a GLC, has its own quota of permits so importation will not have to be done by other parties.
SOURCE: 1) http://www.motortrader.com.my/NUS/articles/ article_2332/page_m.asp |
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