Franz AG: AMAG is the new owner
CHANGE Digitalization and new mobility services are changing the automotive industry. Also in the Zurich region. Franz AG has decided to sell the VW and Škoda garage businesses to AMAG AG.
As a representative of the Volkswagen, VW Commercial Vehicles and Skoda brands in the Zurich region, Franz AG has consistently invested in the further development of its car dealerships in recent years. However, trends show that sustainable development in the current set-up will be challenging. With a view to securing the long-term future of the business, Franz AG has found a company in AMAG AG that will take over the Franz garage business for the VW Group brands at the Wettingen, Wettswil, Zurich Badenerstrasse and Wollishofen locations as of June 1, 2024.
Need for action and investment
AMAG AG operates more than 80 garages in Switzerland and the Principality of Liechtenstein. Franz AG has been firmly anchored in the region for 110 years. As Switzerland's largest automobile dealer, AMAG is thus supplementing and completing its presence in the Zurich and Limmattal region.
Michel Tschanz, CEO of Franz AG: "The current developments on the market mean that there is a great need for action and investment in order to meet future customer requirements. In order to be able to meet these requirements to a high standard, synergies must be exploited. I am convinced that AMAG will succeed in this."
Franz customers will be informed personally by Franz AG and AMAG in the coming weeks.
Good and motivated professionals
Mathias Gabler, Managing Director of AMAG AG: "Precisely because Franz AG is handing over the garage business at these four locations after many years of operation, we will do everything we can to be a reliable partner for customers in these regions. In addition, we are of course delighted to welcome many good and motivated professionals to our ranks."
