AC Motors, the vehicle distribution and retail dealerships division of AC Industrials, is splitting its automotive and motorcycle businesses into two distinct organizations to allow the group to capitalize on the unique growth opportunities in each sector.
The group also announced organizational and executive movements to position the latter to move past the current pandemic and prime itself for future growth.
Effective October 1, Antonio “Toti” Zara III will join AC Motors as president of its automotive business unit, which will house the portfolio of distributorships for the Kia, Volkswagen, and Maxus brands, and dealerships for the Honda, Isuzu, Kia, Volkswagen, and Maxus brands. Concurrently, Zara will serve as president of the different dealership companies of AC Motors.
AC Industrials chairman and chief executive officer (CEO) Arthur Tan will continue to serve as chairman and CEO of the various companies under the AC Motors’ umbrella.
Manny Aligada will continue to serve as President of the Kia distributorship under the KP Motors Corp., while Felipe Estrella will likewise continue as president of Automobile Central Enterprise, the distributor company for the Volkswagen and Maxus distributorship businesses.
Dino Santos will transition to lead and focus on AC Motors’ motorcycle group as it forges its own path as a major player in the two-wheel space. The motorcycle division currently houses the manufacturing, distribution, and retail operations of the KTM and Husqvarna brands.
AC Industrials is Ayala Corp.’s wholly-owned industrial technologies arm.