| Company type | Joint venture |
|---|---|
| Founded | 1990s |
| Defunct | 1998 |
| Fate | Sold to Volkswagen Group |
| Headquarters | Indonesia (registered in Bermuda) |
Key people | Hutomo Mandala Putra |
| Products | Supercars development |
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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]
- ^ a b Jacques Neyer (February 9, 1994). "Toy or Supercar for Asia?". The New York Times. Retrieved 2014-03-18.
- ^ Pelz, James F. (13 May 1994). "Vector Plans to Move Car Operations to Florida". Los Angeles Times. No. Daily. Online. Retrieved 7 November 2015.