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Vehicle sales fell 24.1 percent in July, marking the biggest year-on-year decline under the weight of the the TRAIN law, official data from vehicle manufacturers showed. Sales dropped to 28,038 units that month, significantly lower than the 36,951 units sold in July last year. This was according to the joint data of the Chamber of […]
NEW YORK, United States – Controversial Tesla chief executive Elon Musk said Tuesday he was considering taking the company private, sending shares sharply higher before trading was halted. Musk, who has cut a controversial figure on social media and beyond, sent the financial world abuzz again around 1650 GMT, tweeting, “Am considering taking Tesla private […]
Last Thursday, August 2, President Rodrigo Roa Duterte led the ceremonial destruction of seized used luxury vehicles in Port Irene in Cagayan Province up north.
A month before new excise car taxes are slapped, car and truck manufacturers reported reaching one of their highest growths in sales this year, recent data showed. Data from the Chamber of Automotive Manufacturers of the Philippines, Inc. (Campi) and Truck Manufacturers Association (TMA), show that car sales of member companies reached 40,799 units in […]
Vehicle sales went up 17.3 percent in October, the fastest growth reported for the past few months, according to joint data from car and truck manufacturers. The Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and The Truck Manufacturers Association (TMA) said that their member companies sold 36,511 units in October, more than the 31,132 […]
The 45th Tokyo Motor Show opened its doors on Wednesday, Oct. 25, 2017 to the global motoring media, and will open its doors to guests on today, Oct. 27, 2017. Hosted by the Japan Automobile Manufacturing Association (JAMA), it is considered as one of the top five motorshows in the world alongside Paris, Detroit, Frankfurt […]
Conglomerate San Miguel Corp. (SMC) is set to take a 65-percent stake in the local importer and distributor of Munich, Germany-based luxury car maker BMW. SMC said in a stock exchange disclosure yesterday that it filed the necessary incorporation papers for SMC Asia Car Distributors Corp. with the Securities and Exchange Commission on July 17. […]
Growth in car sales slowed to 4.8 percent in April from the same month in 2016, the slowest pace since the start of the year, data from automotive manufacturers showed. According to a joint report from the Chamber of Automotive Manufacturers of the Philippines, Inc. (Campi) and the Truck Manufacturers Association (TMA), member companies sold […]
The annual Manila International Auto Show (MIAS) opened Thursday at the combined venues of World Trade Center Metro Manila and the Philippine Trade Training Center, with an unbelievable display of the latest automotive innovations and various exciting event highlights.
Ayala-led Integrated Micro-Electronics Inc. (IMI) is building a new manufacturing plant in Serbia, thereby expanding its European footprint to serve its growing market for automotive components in this region. IMI chair Jaime Zobel de Ayala, who is chair and chief executive officer of parent conglomerate Ayala Corp., said in a press briefing on Tuesday that […]