Indobuana Autoraya
Encyclopedia
The PT. Indobuana Autoraya is a joint venture
between Volvo Personvagnar AB
and the IndoMobil Group
. It was founded in February 2009 for the manufacturing and assembling of Volvo cars.
The production of the company began with the licensed built Mitsubishi L300. Some months later the company added the CKD assembled models SsangYong Musso
and SsangYong Rexton
to its lineup. In the late 2009 the company startet its own manufacturing of the Volvo S80 and Volvo XC90
.
In 2010 the models Volvo C70, Volvo S60 and Volvo XC70 were following. Other products for the local market from the company are the trucks Foton BJ1028 and Foton BJ1039.
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
between Volvo Personvagnar AB
Volvo Cars
Volvo Car Corporation, or Volvo Personvagnar AB, is a Swedish automobile manufacturer founded in 1927, in Gothenburg, Sweden. It is owned by Zhejiang Geely Holding Group. Volvo was originally formed as a subsidiary company to the ball bearing maker SKF. When Volvo AB was introduced on the Swedish...
and the IndoMobil Group
IndoMobil Group
The IndoMobil Group is a car and motor vehicle manufacturer located in Jakarta, Indonesia. It was founded in 1976 by the unification of the two former competitors PT. Indohero and PT. IndoMobil. The company operates plants in Jakarta, Bekasi and Purwakarta. CEO of the firm is Chrysler Robert J...
. It was founded in February 2009 for the manufacturing and assembling of Volvo cars.
The production of the company began with the licensed built Mitsubishi L300. Some months later the company added the CKD assembled models SsangYong Musso
SsangYong Musso
The SsangYong Musso is a SUV manufactured by the South Korean automobile manufacturer SsangYong Motor Company, from 1993 to 2005. "Musso" means Rhinoceros in Korean....
and SsangYong Rexton
SsangYong Rexton
The SsangYong Rexton is a sport utility vehicle based on the Mercedes-Benz M-Class, initially released in Korea by the SsangYong Motor Company in late 2001. This vehicle offers standard appointments such as quiet on-road performance, car-like handling, and off-road capability, and can be configured...
to its lineup. In the late 2009 the company startet its own manufacturing of the Volvo S80 and Volvo XC90
Volvo XC90
The Volvo XC90 is a mid-size luxury crossover SUV produced by Volvo Cars since it was unveiled at the Detroit Motor Show 2002. It is based on the P2 platform, shared with the first generation Volvo S80 and other large Volvo cars...
.
In 2010 the models Volvo C70, Volvo S60 and Volvo XC70 were following. Other products for the local market from the company are the trucks Foton BJ1028 and Foton BJ1039.