The Jokowi government is currently pursuing the former boss of the Timor car, related to the debt to the state that is currently the responsibility of Tommy Suharto.
In the collection, the government lowered the Task Force for handling state collection rights from the BLBI Fund or the BLBI task force to summon the former Timor car boss through PT Timor Putra Nasional, Hutomo Mandala Putra (Tommy Suharto).
“The agenda for the summons to settle the claim for state funds is based on the determination of the amount of state receivables number (PJPN-375/PUPNC.10.05/2009 dated June 24, 2009 at least more than Rp. 2.6 trillion,” said the statement of the BLBI Task Force.
The country’s coveted Timor S515 car
When referring to receivables from the state, Timor in the 90s was a national car claim that was selling well. In the car market, which made its first asphalt in Indonesia on July 8, 1996, it was presented as a luxury sedan model.
Although it is claimed as a national car, PT Timor Putra Nasional’s own steps are known to only carry out brand rebadges. While the base car used is a model marketed by a car manufacturer from South Korea under the trademark KIA Sephia.
The success of the Timor car which is quite popular is the S515 series, apart from the cheapest model, as a national car label. Timor is here to provide a much more affordable price than the Japanese car manufacturer’s concoction model.
In its new condition, the Timor S515 is priced at Rp. 35 million. Meanwhile, compared to similar Japanese products such as the Corolla, the selling price reaches Rp. 70 million, half of the price of the Timor S515.
The cheap price of the Timor S515 at that time could not be separated from the special policy given by President Soeharto’s son who got tax free, even though the car that was imported into Indonesia was a build-up model or imported in its entirety from Korea. Armed with this free import tax, the price of a Timor car is able to compete with big manufacturers such as Toyota and Nissan.
Even Timor’s success with cheaper prices saw sales skyrocket in no time. The peak occurred in 1997 where Timor car sales reached 19,417 units and positioned it in the top 6 car sales rankings in Indonesia.
Speaking of specifications, the Timor S515 sedan is equipped with a 1,498cc 4-cylinder engine capable of producing 80 hp at 5,500 rpm and 120 Nm of torque at 2,500 rpm. The engine is mated to a 5-speed manual transmission. While his brother, the Timor S515i carries a DOHC 16 valve 4 cylinder engine with fuel injection.