AC Industrials – Ayala’s industrial technology arm – has concluded its distribution activities of Maxus vehicles in the country. This means that Ayala will no longer sell Maxus vehicles or operate Maxus dealerships in the Philippines. SAIC Motor Corporation Limited (SAIC) and AC...
Ayala Corporation, one of the country's leading conglomerates, reported that it sustained its growth momentum with a 26 percent growth in core net income, which excludes one-off items, to P11.8 billion in the first quarter of 2024 from P9.4 billion in the same period last year. In a disclosure to...
The Ayala Group’s AC Industrials has signed a memorandum of understanding (MOU) with Bosch Philippines that seeks to explore new business opportunities for the mutual benefit of both parties and development of the domestic market. In a statement, Ayala said AC Industrials and Bosch...
The Zobels’ Ayala Corporation has sold its indirectly-held 92.45 percent stake in German auto parts maker MT Technologies GmbH (MT) for a nominal price which will result in a loss of €26 million or $28.4 million. In a disclosure to the Philippine Stock Exchange, Ayala said its wholly-owned...
COOPERATION AGREEMENT – President Ferdinand R. Marcos Jr. witnessed the signing of the Cooperation Agreement between Jaime Augusto Zobel de Ayala, Chairman of the Board of Directors of AC Industrial Technology Holdings, Inc. and Zero Motorcycles Chief Executive Officer Sam Paschel for the...
A one-stop shop for global mobility brands AC Motors now offers a one-stop-shop right at the center of Metro Manila’s commercial district for all of its global mobility brands. The new facility, called AC Motors Centrale, is situated in Bonifacio Global City, Taguig. It’s built on a 3,000-sqm...
Ayala Corporation reported a 75 percent fall in net income to P11.4 billion in the first nine months of the year but noted that its performance in the third quarter is much improved compared to the second quarter of 2020. In a disclosure to the Philippine Stock Exchange, the conglomerate said...
The executive team of AC Motors, the vehicle distribution and retail dealership division of the Ayala Group, has been reshuffled and reorganized into two distinct divisions - automotive and motorcycle – to move past the current pandemic and position for growth. AC Industrials Chairman and...
