Absolute Auto Group Announces Strategic Expansion and Appoints Alejandro Vargas as Chief Executive Officer

Building on the reputation, motorsport expertise and international industry network established through Absolute Racing, Absolute Auto Group will expand its activities across motorsport, high-value vehicle trading, specialized automotive and motorsport finance, customer experiences, community and strategic partnerships.

TOKYO, 9th September 2026 — Absolute Auto Group (“AAG” or “the Group”) today announced the next phase of its strategic development, including the appointment of Alejandro Vargas as Chief Executive Officer.

The move marks the Group’s evolution from its established motorsport foundation into a broader international automotive business. Building on the brand, expertise, customer relationships and global industry network developed through Absolute Racing, the Group will progressively expand its activities across automotive trading, specialized financial solutions, customer experiences, community initiatives and strategic partnerships.

Absolute Racing will remain at the core of the Group’s motorsport activities, with its racing programs, technical operations and competition management continuing under its existing motorsport team.

Within the broader Group structure, Absolute Auto Club (“AAC”) will operate as an independently managed automotive trading platform focused on the sourcing, sale, consignment and cross-border trading of high-end, performance and collectible vehicles.

At the same time, Absolute Auto Group will progressively develop dedicated automotive and motorsport financial capabilities.

Over many years of international competition, Absolute Racing has established itself as one of Asia’s leading professional racing organizations, competing across major GT championships and international motorsport events.

Through these activities, Absolute has developed capabilities extending beyond race team operations.

The Group has built long-standing relationships with automotive manufacturers, drivers, teams, vehicle owners, collectors, sponsors, financial institutions and commercial partners across Asia and other international markets.

Absolute Auto Group believes that these relationships, together with the Group’s established reputation, technical expertise and cross-border experience, provide a strong foundation for the development of a broader automotive business.

The Group’s next phase will focus on building a coordinated business platform across motorsport, high-value vehicles, specialized financial solutions and long-term customer relationships, while using its international network to connect vehicles, customers, industry partners and capital across key markets.

Motorsport will remain central to the Absolute brand and culture, continuing to provide technical credibility, industry relationships, customer access and distinctive experiences across the wider Group.

Absolute Auto Club is an independently operated automotive trading platform within Absolute Auto Group and will form an important part of the Group’s broader automotive activities.

AAC will focus on high-end, performance and collectible vehicles, with core activities including vehicle sourcing, sales, consignment and cross-border trading.

Building on Absolute’s experience in motorsport, high-value vehicles and international automotive markets, AAC will also develop related client services, curated automotive experiences, events and community initiatives.

For automotive manufacturers, sponsors and other commercial partners, the platform will provide an additional channel for long-term engagement with automotive customers and enthusiasts beyond individual motorsport events.

Financial services will form an important strategic component of Absolute Auto Group’s next phase of development.

The Group plans to progressively develop specialized automotive and motorsport financial capabilities, working with appropriately licensed financial institutions to provide financing, leasing, inventory and trade finance solutions for racing programs, high-value vehicle clients, dealers and automotive trading companies.

At the same time, Absolute Auto Group is planning to establish its first dedicated race car asset investment fund in Singapore. The fund is expected to use professional race cars as its core underlying assets, with an investment strategy based on the acquisition, ownership, leasing, management and eventual disposal of racing assets.

By combining the Group’s expertise in international motorsport, race car sourcing, vehicle trading and asset management, the fund is intended to explore race cars as a specialized alternative asset class.

All lending, leasing, insurance, fund management and other regulated financial activities will be conducted in accordance with applicable laws and regulatory requirements, through or together with appropriately licensed and qualified institutions.

As part of the Group’s strategic expansion, Alejandro Vargas has been appointed Chief Executive Officer of Absolute Auto Group.

Vargas will be responsible for translating the Group’s strategic direction into a scalable operating and commercial platform, strengthening organizational and management capabilities, coordinating business activities across the Group, developing new revenue streams and expanding international partnerships.

Absolute Racing’s existing racing programs, technical operations and competition management will continue to be led by its experienced motorsport team.

Vargas brings more than two decades of entrepreneurial, operational and cross-border business experience across Asia, the United States and other international markets.

He began his career at leading international law firms Skadden and Davis Polk before moving into entrepreneurship, business leadership and investment. He has spent more than 18 years working across Hong Kong, Beijing and Singapore, with extensive experience in cross-border business, organizational development and international expansion throughout Asia.

“Absolute has already built an exceptional foundation,” Vargas said.

“Through Absolute Racing, we have not only established technical credibility and a strong reputation on the racetrack, but also developed long-term relationships with manufacturers, customers, drivers, sponsors and commercial partners.”

“The opportunity now is to build a broader automotive business around those strengths. We want to apply the same competitive mindset, discipline, professional standards and execution that define Absolute Racing to automotive trading, financial services, experiences, community and strategic partnerships.”

“My role is not to change what has made Absolute Racing successful. It is to build a stronger Absolute Auto Group around that foundation and create the structure, businesses and partnerships required for sustainable long-term growth, while keeping motorsport at the heart of the brand.”

Absolute Auto Group Chairman Fabien Fior said:

“I have great confidence in Alejandro’s judgment, energy and ability to turn strategy into execution. His appointment reflects our belief that Absolute has reached a stage where we need dedicated Group-level leadership to coordinate our businesses and build for the long term. He understands what we have built, respects the culture and identity of Absolute Racing, and shares our ambition for the future of the Group.”

“Our strategy is not to move away from motorsport, but to build around it. Motorsport will remain at the core of Absolute, while automotive trading, financial services and asset management will broaden the Group’s commercial base and create stronger long-term synergies.”

“Our objective is not simply to become larger. We want to build an international automotive group with lasting strength in the areas where we have genuine expertise — motorsport, high-value vehicles, specialized finance and asset management — and the ability to connect cars, customers, industry and capital.”

Absolute Auto Group’s long-term strategy will be built around three core capabilities:

Motorsport and Automotive Industry Capabilities — including motorsport, high-value vehicle sourcing and trading, cross-border transactions and related automotive services.

Financial and Capital Capabilities — including motorsport finance, automotive finance, dealer and trade finance, and investment and asset management related to race cars and other high-value automotive assets.

Customer and Brand Network — including Absolute Auto Club, automotive experiences, events, community initiatives and long-term relationships with manufacturers, sponsors and commercial partners.

Through the coordinated development of these businesses, Absolute Auto Group aims to build an international automotive platform centered on motorsport and capable of connecting the automotive industry, automotive assets, customers and capital.

The Group will announce further information regarding new business activities, international partnerships, financial services and future Absolute Auto Club initiatives in due course.

Absolute Auto Group is an international automotive group built around motorsport, performance vehicles, automotive assets and automotive culture.

Absolute Racing is the Group’s core motorsport business and one of Asia’s leading professional racing organizations, with extensive experience competing across GT racing and other international motorsport categories.

Absolute Auto Club is an independently operated automotive trading platform within the Group, focused on the sourcing, sale, consignment and cross-border trading of high-end, performance and collectible vehicles, together with related client services, automotive experiences and community activities.

The Group is also developing specialized Automotive & Motorsport Financial Solutions capabilities across motorsport finance, automotive finance, dealer and trade finance, and investment and asset management related to race cars and other high-value automotive assets.

Absolute Auto Group’s long-term vision is to build an international automotive platform centered on motorsport and connecting the automotive industry, automotive assets, customers and capital.

For further information, please visit: https://absoluteautoclub.com/