ASEAN KEY DESTINATIONS
German, Korean Auto companies seek Myanmar partners
A businessman said the company is now under discussion with some of the country's top firms to open authorised dealerships.
Volkswagen was founded in 1937. Among its well-known car models are Golf, Beetle and Passat.
It is headquartered in Wolfsburg, Germany and sells passenger cars under Porsche, Audi, SEAT, Bentley, Bugatti, Scania and Skoda. It has sold an average of over four million cars annually.
Hyundai, Kia in talks with top Myanmar firm
"Discussion is underway to appoint Diamond Star Co as an agent and as far as I know, they will mainly import new cars," said a businessman close to the company.
Diamond Star Co has long been importing automobiles from Japan and South Korea.
Hyundai and Kia cars have a huge potential in the Myanmar auto market due to their world-class quality.
Diamond Star Co is also in the export/import business, food production, medicines and fertilizer, and shopping malls. It recently became the sole agent for American softdrink giant Pepsi Co.
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