VCI Global (VCIG) acquired a 51% stake in RTCAR Comercializadora de Suministros Automotrices, a Mexico-based automotive assembly platform. The deal provides VCI Global with a scalable industrial base to support a global automotive OEM’s expansion in North America. The acquisition is led by a seasoned management team with extensive automotive industry experience.

The acquisition of RTCAR Mexico by VCI Global will support the OEM’s North American market entry with a focus on SUV and hybrid vehicle models. The existing MOU is set to convert into a definitive agreement in January 2026, securing production volumes and revenue visibility. The deal establishes a long-term growth pipeline for VCI Global in the automotive sector.

Read more at Yahoo Finance: VCI Global enters term sheet to acquire 51% stake in RTCAR Mexico