MORNING COFFEE COMPANY: Stewart # 39; self ... conduct business (part 3 of 3)
C ar-pieces André Auto Supplies Company Limited is about to embark on the sale of motor vehicles with an arrangement, but all related to the acquisition of the Great Wall dealers for JACS and brands of vehicles manufactured in China.
Although there are a few things still to be finalized but with China, we have taken all actions and is doing the service line to Auto Andrew, and as soon as we sign on it with China we will be the vehicle down, majority shareholder and CEO, André Hylton, told the Financial Gleaner this week.
Andrew s, whose businesses currently include self-sales and repair parts, the company will be sales and maintenance of vehicles manufactured in China.
While a formal concession agreement has not been signed for the Great Wall and JACS vehicles, Hylton said his company has made a special arrangement with China Motors, the company based in Montego Bay, which was the previous dealer trademark, the service of the vehicle in the range.
The spirit of the arrangement was that they never left unserved brands; there are many vehicles in Jamaica, said Hylton, whose company took over the service and supply of parts for vehicles in February this year.
The businessman refused to say what level of investment of the new dealership and service facilities entail.
Virginia LaCroix, director of the Association of car dealers in Jamaica, said China Motors closed its operations in 2008.
Directed by Oliver Townsend, who has held the position of General Manager, China Motors was located in the industrial area Bogue in Montego Bay Townsend, who is also the operator Caribic holiday, did not immediately available to comment on the closure or the new dealer agreement with Auto André.
LaCroix says that for a dealership intends to start importing new cars, the main requirement is the agreement of a manufacturer since the entity may already be in place systems that meet the local Ministry of Trade .
Great Wall Motors is China's largest manufacturer and exporter of sport and commercial vans The company has a production capacity of 400,000 vehicles She also produces auto parts such as engines, as well as the front and rear axles.
Jianghuai Automobile Company Limited, also known as JAC Motors claims to be among China's 10 automakers, with production capacity of about 500,000 units per year His models are sold in over 100 countries, the company is listed on the Shanghai Stock Exchange.
JACS and other Chinese companies have benefited from the Chinese government's stimulus policies, including an allocation of 10 billion yuan, more than 1 4 billion over three years to support technological innovation in the automotive industry and United States 2 8 billion for the promotion of new energy cars.
In mid-2009, in an effort to help sales of hybrid cars, the Government of Jamaica to cut import duties on these vehicles by 63 percent.
In June last year the Cabinet approved an amendment reducing the tax rate on imports of the hybrid at 16 5 percent regardless of vehicle size The move was welcomed by Hylton at the time.
Hylton, who started his business with an auto repair shop in 1984, and is said to have started its enterprise storage rooms of automotive parts in his kitchen cabinets and backyard, works in two cities of Jamaica.
He completed the expansion of its Osbourne Road, Kingston, operational base in 2005 and extended in Montego Bay that year, the operation of the Street.
dealer business Chinesecar Jamaica Gleaner, dealer, business, Jamaica.
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