Volkswagen enters Myanmar
Yangon (dpa) - German carmaker Volkswagen has entered into a partnership to provide auto services for its vehicles in Myanmar, company sources said Wednesday.
The service centre, operated by its local subsidiary German Car Industries, will open this month in Yangon, Yoma Strategic Holdings said in a statement. Yoma Holdings owns 70 per cent of German Car Industries.
Yoma Strategic Holdings is in turn majority-owned by Serge Pun Associates (Myanmar) Ltd, run by Myanmar business man Serge Pun.