After information has been leaked about a new BMW Vietnam foreign investor, BMW Euro Auto has officially confirmed the news and revealed the investor to be from Malaysia.
BMW Euro Auto has confirmed the strategic partipipation of the foreign investor into its Board of Directors as a foundation to develop a strong future for BMW and MINI – 2 brands currently distributed in Vietnam by Euro Auto. Thus, in 2014 BMW will be on a whole new level in Vietnam automotive market, a market in which many famous car brands have existed.
Sime Darby Motors is one of the main branches of Sime Darby Group corporation (Malaysia) and current one of Asia largest automotive distributors. Sime Darby Motors possesses many famous automotive brands in China, Hongkong, Macau, Malaysia, Singapore, Thailand and Australia and also is one of the largest distributors of BMW worldwide.
This contract of BMW Vietnam has been approved by BMW AG (Munich, Germany) and the manufacturer from Germany has acknowledged the achievements of Euro Auto and the development of BMW in Vietnam. BMW AG totally supported the strategic development of BMW Vietnam with its new partner.
EAC Board of Directors and staffs are expected to welcome Sime Darby to become the company’s new strategic shareholder in November the 8th as the final procedures are finished.
Euro Auto has confirmed the participation of this strategic shareholder to be the foundation for a strong development in the future for both BMW and MINI in Vietnam.