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LOCAL CARMAKERS Mitsubishi Motors Philippines Corp. and Toyota Motor Philippines Corp. are well poised to meet their commitments under the government’s Comprehensive Automotive Resurgence Strategy (CARS) Program, particularly in increasing the volume of vehicle components to be…
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MITSUBISHI Motors Philippines Corp. (MMPC) is betting heavily on the Philippines. As if its continuing investments in the country were not enough, the local unit of Japanese carmaker Mitsubishi Motors Corp. (MMC) recently announced plans of…
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IF THE first half of 2015 were to be an indication, then the Philippine automotive sector is indeed well poised for another stellar performance this year, on the back of steadily rising domestic demand and the robust…
Toyota Motor Philippines (TMP) is venturing into the small hatchback category through the upcoming introduction of Wigo, the automotive firm’s first foray into the low-cost segment.…
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The Philippine automotive sector continues to lag behind its Southeast Asian neighbors in terms of vehicle sales and production. Latest data from the Asean Automotive Federation showed that, as of end-November 2013, the Philippines ranked fourth among…
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The natural calamities that hit the country in the second half of 2013 had tempered the growth in vehicle sales to a total of 181,283 units last year. Data from the Chamber of Automotive Manufacturers of the…
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Toyota Motor Philippines Co. is set to invest nearly P500 million this year to raise the production output of its facility in Sta. Rosa, Laguna, and further increase the local content of the Vios, which is being…
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Investors are considering making the Philippines their gateway for their planned investments in the region, in preparation for the formation of the Asean Economic Community by 2015. “With the AEC 2015 in the horizon, there is a…
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Foreign business groups in the country are urging President Aquino to boost infrastructure spending and implement critical measures on the final stretch of his term to ensure inclusive growth. In achieving this inclusive growth, John D. Forbes,…