VOLKSWAGEN has formally signed the appointment of Automobile Central Enterprise Inc. (ACEI), a wholly owned subsidiary of Ayala Corp., as its distributor in the Philippines during a ceremony held on May 27 in Hong Kong.

Weiming Soh, VW president for commercial operations in Greater China/Asean, signed the importer agreement with Fernando Zobel de Ayala, president and chief operating officer of Ayala Corp., and John Philip Orbeta, chairman and president of Ayala Automotive Holdings Corp. (Ayala Auto) and managing director of Ayala Corp., according to ACEI.

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