No strong takers yet for Skoda's Singapore franchise after previous agent went bust
Published on Jul 23, 2014 9:47 AM
Skoda dealership, anyone? No one has taken over the Czech brand's Singapore franchise after its previous agent, Harvest Automobiles, went bust last year - the third Skoda agency to have failed here.
The Straits Times understands that the only motor company to have expressed strong interest is Vertex Automobiles, the Chery dealer owned by egg trader Lian Fong.
But Skoda, which is owned by Volkswagen Group, is hoping a stronger party can take over.
It has been courting Trans Eurokars, a multi-francise group owned by businessman Karsono Kwee. Among its brands are Rolls-Royce, Porsche, Mini and Mazda.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!