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.
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.
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.
The carmaker finds the Vietnam market region particularly dynamic, citing the country’s rank as the fourth strongest automotive market in Southeast Asia.
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.
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.
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.
Ruoff joined Porsche Asia Pacific in 2009 and most recently has served as area manager for Asia Pacific and Australia since 2020.
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.
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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