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Early this 12 months, there have been rumors in regards to the takeover of the distributorship of Kia, which was then held by Columbian Autocar Company (CAC). It was only late this year the settlement was finalized , with AC Automotive, Ayala Corporation’s car enterprise firm operating underneath AC Industrials (ACI), assuming the bulk share. In 2017, the Alvarez group invited San Miguel Corporation President Ramon Ang to buy a majority share of Asian Carmakers Corporation (ACC), the official distributors of BMW in the nation, which led to the purchasing of a 65-p.c stake in the newly-shaped SMC Asia Automotive Distributors Company with the remaining 35 percent owned by the Alvarez group. From 4, the Alvarez group now holds only two car manufacturers in the Philippine market-Mahindra and Peugeot-whereas Ayala now has two automobile distributorships-Volkswagen and Kia-along with its shares with other automakers equivalent to Isuzu Philippines Company (IPC) and Honda Automobiles Philippines Inc. (HCPI).

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Owned and operated by Hussein Sam” Mahrouq, Mahrouq Enterprises International Inc. (MEI) is an organization that oversees Dollar Rental Car and Automax dealerships that feature new and pre-owned autos. MEI also supplies rental service and financing of the autos. As an auto sales business owner, Hussein Mahrouq is also a member of the Texas Impartial Auto Sellers Association (TIADA).