Business Services Industry
Astra International sells 60% stake in Toyota Astra Motor. (Finance And Banking).
Indonesian Commercial Newsletter, March, 2003
After nearly 30 years of high growth, the country's auto industry degenerates fast into a mere trading industry. The dramatic shift in the nature of business was marked with sales of stake to foreign principal including the recent signing of a memorandum of understanding (MoI) between Astra International (AI) and Toyota Motor Corp. (TMC) concerning a deal on a 46% stake of AI in Toyota Astra Motor (TAM). The MoU is only a principle agreement. There has not been agreement on the price. AI and TMC also agreed to establish a new company under its distribution division. The manufacturing division and the distribution division, therefore, will become two independent companies, but affiliated under a holding company.
The majority control of TMC in the manufacturing...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
