Ayala promises $200M for VW plant



A gathering of Ayala delegates held a discussion with the government office where they laid out Volkswagen’s arrangements for the Asean locale and the Philippines.

The Ayala Group has resolved to pour in $200 million for the proposed Volkswagen automobile fabricating operations in the nation yet on condition they will come in through the old Motor Vehicle Development Program (MVDP) rather than the new CARS Program.

The Ayala Group is the select wholesaler of Volkswagen vehicles in the Philippines.