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joint venture

Units of Indonesia's Astra, Toyota Set Up Vehicle Rental Company

joint venture
Logo PT Astra International Tbk ASII di puncak gedung Menara Astra, Jalan Jenderal Sudirman, Jakarta.

KONTAN.CO.ID - JAKARTA, July 29 (Reuters) - Units of Indonesian auto distributor Astra International and Japanese carmaker Toyota Motor Corp announced Friday a joint venture that will provide vehicle rental services in the Southeast Asia's biggest economy.

The joint venture company, called PT Mobilitas Digital Indonesia, is expected to start operating in the fourth quarter of this year, according to a statement released by the companies.

They did not state how much money each firm would inject into the outfit.

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