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Borneo Motors plans to cut commissions, raise sales targets
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Toyota agent Borneo Motors has not had a sales commission cut before, according to two previous managing directors. It remains one of UK-listed Inchcape's top profit generators.
PHOTO: BORNEO MOTORS
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In what may be another sign that the motor trade is bracing itself for a tailspin, Toyota agent Borneo Motors is planning to cut commissions paid to its sales staff - the first time it is doing so.
According to sales executives who spoke on condition of anonymity, the Inchcape company is proposing to cut commissions by $100 to $350 per car. At the same time, it is looking to raise sales targets.
