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The international auto rental company will open its first facility in the country before the end of the year and then expand to six more locations in 2024.
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The automaker introduced its all-new Xforce at the GAIKINDO Indonesia International Auto Show and plans an initial launch of the compact SUV in Indonesia.
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The joint venture, called “IndoPenske, is a partnership between Penske Truck Leasing, Mitsui & Co., Ltd. and the Indonesian conglomerate The Salim Group’s Indomobil, which operates the vehicle rental business Indorent.
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The carmaker finds the Vietnam market region particularly dynamic, citing the country’s rank as the fourth strongest automotive market in Southeast Asia.
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VinFast debuted its EV-only brand to the U.S. market at the 2021 Los Angeles Auto Show where it unveiled two all-new electric SUV/CUV models. VinFast will assemble future EVs in the U.S. at a brand-new plant it is building in North Carolina.
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The Warren Buffet-backed BYD, which overtook Tesla this year, will assemble automobiles in Sriperumbudur, close to Chennai, with expected capacity of 10,000 units within two years.
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The new company will primarily support operating efficiencies and growth of micro-, small- and medium-sized enterprises. Initial products include fleet-connected service, on-demand shuttle booking app, car sharing or rental, logistics matching service and fleet management service.
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Ruoff joined Porsche Asia Pacific in 2009 and most recently has served as area manager for Asia Pacific and Australia since 2020.
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The 10th-anniversary model features an all-new Next-Gen K-series 1.5L dual-jet, dual-VVT engine with progressive smart hybrid technology and an all-new advanced six-speed automatic transmission with paddle shifters.
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Billed as the first such gathering in Asia Pacific, the 2022 Future Mobility Asia (FMA) conference will be hosted by Thailand’s Ministry of Energy July 20-22 in Bangkok to showcase global future and emerging road mobility concepts, solutions, technologies, and innovations.
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