State Motors Corp.

[jpdm]

The local company that will assemble Chinese vehicles (partner of FMC) like Great Wall.

Originally posted by EMDFrancisco

Statemotor Corporation is the main proponent in the Great Wall Motor project.

Let me assure you that Statemotor Corporation, under the leadership of Mr. Allen Roxas, has more than enough capital to start with and hires the best people for the respective jobs be it in operations, administration, production, accounting, etc. Statemotor Corporation is a subsidiary of State Properties and State Properties is owned by State Investment Trust Inc. which had been in business since the 1970s.

Teaming up with FMC which had been in the automotive industry since 1947, this venture will go a long way.

Statemotor Corporation is a duly registered Philippine corporation whose primary purpose is:

• To manufacture, buy, import, assemble, sell and distribute automobiles, cars, buses, trucks, and other mechanically propelled vehicles, engines, motor parts, accessories, equipment, devise, gadgets, supplies, tools, tires, lubricants and any and all things of whatever form and kind pertaining to motor vehicles

• To acquire, maintain, or lease assembly plants, service stations, repair shops, storage facilities, and similar structures for the purpose of maintaining, repairing, cleaning, painting, overhauling, body building and offering other services for automobiles, buses, trucks, engines, motor parts, equipment and machineries of all types and descriptions.

The overall objective of Statemotor Corporation is to create and maintain a major presence in the Philippine automotive market through the introduction of a wide variety of high quality automotive products from the largest China automotive manufacturers.