German Car Brand Volkswagen recently named Arthur R. Tan as its new President and CEO effective January 2017, replacing John Philip Orbeta, who has been assigned to lead Ayala Corporation’s corporate support initiatives.
Orbeta has been with Volkswagen Philippines for 3 years of operations from growing the dealership network to 8 branches nationwide, and making the brand known as top Euro car in 2016.
The company also announced that with Ayala Corporation’s strong interest and investments in mobility, as represented by AC Industrials, Volkswagen PH will remain competitive in the auto industry.
Moreover, the company shares its optimism in 2017 target to double-digit. Part of its expansion will be on the corporate fleet account. They revealed its plans to add new vehicles in the premium commercial segment such as the Caddy, the Crafter, and the T6 Kombi. In the pipeline also are new versions of the Jetta, the Golf, the Tiguan as well as the iconic Beetle- most of which are equipped with TDI engines and DSG transmissions. Plus, they will bring in new cars in the entry-level segment that still retain the world-class German engineering, heritage, and automotive craftsmanship Volkswagen is renowned for.
In 2016, AC Industrial Technology Holdings, Inc. was formed to execute Ayala Corporation’s strategy to create an industrial conglomerate which would house its manufacturing and automotive assets. The manufacturing and product development expertise of Integrated Micro-Electronics, Inc, or IMI, which has a growing business in the automotive electronics sector, has been combined with the rapidly developing AC Automotive group with brands Volkswagen, Honda, Isuzu, and KTM.