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Megatech (Indonesian company)

From Wikipedia, the free encyclopedia

Megatech
TypeJoint venture
Founded1990s
Defunct1998
FateSold to Volkswagen Group
Headquarters
Indonesia (registered in Bermuda)
Key people
Hutomo Mandala Putra
ProductsSupercars development
Projected Megatech F1 engine

Megatech is a Bermuda-registered company that pursued the development of various supercars. It is jointly owned by Hutomo (Tommy) Mandala Putra, the youngest son of President Suharto of Indonesia, and Mycom Setdco, a Bermuda-based subsidiary of Mycom Bhd.[1]

In 1994, MegaTech purchased the Lamborghini brand for $40 million.[1] It then sold it to Audi AG in 1998 for $110 million. It also caused the closure of Vector Aeromotive in 1993, when the company attempted a hostile takeover at the expense of Vector founder Jerry Wiegert.[2]

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Transcription

Models

References

  1. ^ a b Jacques Neyer (February 9, 1994). "Toy or Supercar for Asia?". The New York Times. Retrieved 2014-03-18.
  2. ^ Pelz, James F. (13 May 1994). "Vector Plans to Move Car Operations to Florida". Los Angeles Times. No. Daily. Online. Retrieved 7 November 2015.

External links


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This page was last edited on 26 October 2023, at 14:15
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