Businessman Ramon Ang is expected to sign an agreement this month to acquire a majority stake in Asian Carmakers Corp., the exclusive importer and distributor of BMW vehicles in the Philippines. Alvarez told reporters they were still finalizing the transaction. These are AutoAllee BMW in Eton Centris, North Edsa; Autohaus BMW in Quezon City; Motor Ventures BMW in Alabang; Prestige Cars BMW in Makati; Premier Cars BMW in Pampanga; Autobahn BMW in Bacolod; Autowelt BMW in Cebu; and Premium Motoren BMW in Cagayan de Oro. Its network currently includes four dealers including BMW in Quezon City, Premier Cars BMW in Pampanga, Autobahn BMW in Bacolod and Premium Motoren in Cagayan de Oro. ACC is supported by BMW Group AG through its regional office in Singapore, BMW Asia Pte.

Source: The Standard July 05, 2017 13:18 UTC