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In 1999, Honda established a new joint venture firm, PT Honda Prospect Motor , which took over Imora Motor’s sole national distribution rights that same 12 months. HPM integrated Honda’s Indonesian car businesses, which was beforehand conducted by 4 separate corporations ranging throughout vehicle meeting, engine and element manufacturing, and wholesale distribution. Major automotive manufacturing nations just like the US, Germany, China, Japan and South Korea, in addition to Volkswagen, Toyota, Peugeot, Honda, Nissan and Hyundai, didn’t pledge.

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