World automotive principals ready to invest Rp 17 trillion.Geely Automobile Geely Automobile (Simplified Chinese: 吉利汽车; Traditional Chinese: 吉利汽車; Pinyin: Holding Ltd). Toyota Motor, for example, plans to invest US$ 388 million (Rp 3.l trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time.
(mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed.
In the USA and Canada, 10^12. ) to expand the capacity of its local unit PT Toyota Motor Manufacturing Indonesia with factory in Karawang, West Java, from 100,000 units to 200,000 units. Toyota also plans additional investment of US$ 312.5 million to expand its sales networks from 210 units to 350 units by phases. Meanwhile, Daihatsu will increase investment by US$ 262.5 million to build a factory with a capacity of 100,000 units. Suzuki plans a new investment of US$800 million. Nissan does not want to be left behind. It plans to expand its production capacity to 180,000 units with an additional investment of US$ 312.5 million starting in 2011. Geely starting this year invested US$ 50 million to expand the capacity of its factory to 30,000 units. The Chinese car maker even has long term investment plan of US$ 2 billion. Apart from Japanese and Chinese principals, major car makers from Europe such as Mercedes-Benz, Bayerische Mo-toren-Werke (BMW BMW
in full Bayerische Motoren Werke AG
German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. ), and Volkswagen AG Volkswagen AG (VW)
Major German automobile manufacturer. It was founded in 1937 to mass-produce a low-priced “people's car” (Volkswagen). After World War II the company was rebuilt with Allied help, and within a decade it was producing half of West Germany's have also indicated interest in increasing their investment or starting business in the country.
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||Economic News in Brief|
|Publication:||Indonesian Commercial Newsletter|
|Date:||Aug 1, 2011|
|Previous Article:||Investment in heavy equipment industry growing.|
|Next Article:||Investment target at US$40 billion in infrastructure sector.|