Megatech (Indonesian company)

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Megatech
Joint-owned corporation
Fate N/A
Founded N/A
Defunct N/A
Headquarters Indonesia (registered in Bermuda)
Key people
Hutomo Mandala Putra
Products Supercar 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 it 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 Weigert.[2]

References[edit]

  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" (Daily). Los Angeles Times. Online. Retrieved 7 November 2015. 

External links[edit]