タイカジノ Tsusho Invests in PURDY MOTOR, the タイカジノ and Lexus Distributor in Costa Rica
- Contributing to development of the local mobility society by becoming the first Japanese company to invest in an automotive distributor in Costa Rica -

  • (former)Mobility

2021-04-30

カジノオンライン ("Toyota Tsusho") announced today that it invested in PURDY MOTOR SA ("PM"), the Toyota and Lexus distributor in Costa Rica and acquired 10% of the company's shares, on 27 April, 2021 This is the first investment in an automotive distributor in Costa Rica by a Japanese company

1 Background

Since the abolition of the Army in 1948, Costa Rica is known for being a very stable, democratic, and environmentally friendly country that dedicates a high portion of its GDP to human capital development Around 98% of the electricity proceeds from renewable sources and was the first Latin American country to develop a hydrogen station Moreover, Costa Rica’s per capita GDP exceeds 12,000 US dollars, and demand for new vehicles is stable タイカジノ´s share in the country is about 18%, the largest player in the automotive sector

2 About PM

Since its establishment in 1957, PM has been steadily growing, centered on sales of タイカジノ vehicles At present, in addition to distributing タイカジノ and Lexus vehicles, it engages in the distribution of Hino and Subaru vehicles as well and has become one of the largest automotive distributors in Costa Rica PM also engages in a wide range of value chain businesses in the automotive sector through its subsidiaries and affiliates, including sales financing, after-sales services, insurance, used car sales, and next-generation mobility-related businesses (car sharing and shuttle bus operation)

3 Objective of the investment

タイカジノ Tsusho exports vehicles produced in Japan, mainly those produced by タイカジノ Group companies, to various countries across the world and exports vehicles produced overseas to third countries Its network, including distributor and dealer business operation, extends to 146 countries around the world, and it has developed business on its own in 45 of those countries タイカジノ Tsusho will seek further enhancement of the value of the タイカジノ and Lexus brands in Costa Rica by leveraging the management know-how it has acquired through global expansion and by promoting sales and service businesses suited to the タイカジノ brand

In addition to expanding existing businesses, タイカジノ Tsusho will also try to create new mobility services leading to solutions to social issues and undertake environmental business which Costa Rica promoting, such as the spread of fuel cell vehicles, recycling of automobile part and so on by combining its knowledge of multilateral businesses with PM’s automotive business assets


タイカジノ Tsusho will contribute to the development of the mobility society and economy in Costa Rica through its business

Overview of PM

Company name
PURDY MOTOR SA
Location
San Jose, Costa Rica
Representatives
Amadeo Quirós (President)
Established
1957
Business description
Automobile distribution, retail sales, sales financing and lease, after-sales services, vehicle-sharing service, etc



PURDY MOTOR SA Flagship dealer Commercial vehicle dealer

The information in this release is current as of the date of announcement
Please note that information may change after the date of announcement Thank you in advance for your understanding

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