BIZ BUZZ: What’s next for Ayala’s car business?
If you’re wondering whether Ayala will give up more car dealerships after Volkswagen and Honda, don’t brace for any more tearful goodbyes—at least for now.
Reliable industry sources told Biz Buzz that Honda is the last vehicle brand that the mobility unit of the country’s oldest conglomerate wants to let go of.
Earlier, Globe likewise pulled the plug on scooter maker Gogoro while Integrated Micro-Electronics gave up KTM bikes.
BYD is undoubtedly the hottest brand of AC Mobility at this time, and its best bet in the rapidly growing electric vehicle market. We see more and more BYD cars on the road, which means that this bet is paying off.
But for some people who don’t want to drive cars from China (including those who silently protest the Middle Kingdom’s actions in the West Philippine Sea by avoiding their brands), AC Mobility still has Isuzu and Kia to offer.
Meanwhile, Ayala’s Isuzu dealership, from what we hear, is doing well, while Kia is expected to benefit from an earlier management shakeup. Thus, these two brands are likely to stay in their basket for now.
“Never say never, but for now, that’s it,” our source said.
And now that it has shed its excess fat, AC Mobility is in a much better shape to race.
