Thu, 27 Apr 2006
From:
Mazda Announces Plans To Reenter Indonesian Market -Kyodo

Thursday April 27, 3:23 AM EDT

TOKYO, Japan -(Dow Jones)- Mazda Motor Corp. (7261.TO) on Thursday officially announced plans to renter the Indonesian market through the establishment of a wholly owned sales company, PT Mazda Motor Indonesia, Kyodo News reported.

PT Mazda Motor Indonesia is scheduled to begin operations in the third quarter of 2006, Mazda said in a press release, according to Kyodo.

Sales network planning is already underway. PT Mazda Motor Indonesia has appointed its first dealership in Jakarta, PT Wahana Auto Ekamarga, the automaker said.

A major shareholder in the dealership is Wearnes International Group. (512.SG) , a Singapore-based publicly traded company that distributes several of Ford Motor Co.'s Premier Automotive Group brands such as Jaguar and Volvo in other markets. Wearnes currently runs a number of Mazda dealerships in Thailand.

PT Mazda Motor Indonesia plans to showcase its launch models at the Indonesia International Motor Show in July 2006.

(END) Dow Jones Newswires



News Search/Filter
Transaction Rates
17 Oct 17
Buy
Sell
BTC1
76,498,069
76,498,069
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services