MANILA -- Ayala Corp. is prepared to invest up to $100 million to kick-start its effort to make the Philippines a Southeast Asian hub for the manufacture of self-driving cars.
That amount represents its 50% initial share in a joint venture planned with a foreign carmaker. The Philippine conglomerate is in talks with "more than three" companies, said Ayala unit AC Industrial Technology Holdings chief executive Arthur Tan in an interview with Nikkei Asian Review at the conglomerate's headquarters Tuesday.
