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Car sales boom in December, fueled by TRAIN anxiety

Car and truck manufacturers made their highest monthly sales in December last year, as consumers moved to buy new units before the imposition of higher excise taxes. According to joint data from Chamber of Automotive Manufacturers of the Philippines, Inc. (Campi) and Truck Manufacturers Association (TMA), car sales of member companies in December alone reached […]

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SMC to enter high-tech businesses including electric cars

Conglomerate San Miguel Corp. is preparing for its next wave of diversification which seeks to add next-generation technology businesses such as the production of micro-chips, smart phones and electric cars to its portfolio. SMC president Ramon S. Ang told reporters after the stockholders meeting of Top Frontier Investments Holdings Inc. on Wednesday that SMC was […]

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Hyundai auto sales up 6%

Hari chair Richard Lee, president and CEO Ma. Fe Perez-Agudo, chief finance officer Ladislao Avila and SVP for trade operations and development Jun R. Cortez in front of Hyundai’s first mass-production electric bus —aida sevilla-mendoza

Hyundai Asia Resources Inc. (Hari), the official distributor of Hyundai vehicles in the Philippines, capped the first semester with a 6-percent increase in sales from year-ago level, driven mainly by the passenger car segment. Data from the company showed that Hyundai had recovered its year-on-year sales last month, following a decline in May, in spite […]

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Vehicle sales up 17%, Toyota keeps lead

Vehicle sales went up 17 percent in May, recovering from a rather slow turnout in the month before, data from automotive and truck manufacturers showed. According to a joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association (TMA), member companies sold 35,469 units in May, up […]

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Hyundai sales up 6% in first 5 months

Hyundai Asia Resources Inc. sold few cars in May this year, sliding 6 percent from the same period in 2016, months after it reported its highest monthly output last March, company sales report showed. Hari sales went down to 2,801 units in May from 2,993 units in the same month last year. The slip could […]

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DOF: Strong vehicle sales to continue despite higher excise taxes

MANILA —  The Department of Finance expects robust vehicle sales to continue even as the higher excise taxes to be slapped on vehicles loom. “In other Asean economies such as Indonesia and Malaysia, automobile excise tax rates go as high as 125 percent and 105 percent, respectively, yet their luxury car markets continue to thrive,” […]

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Ayala unit buys German auto supplier MT Misslbeck

The industrial holding firm of conglomerate Ayala Corp. has hatched a deal to take over MT Misslbeck Technologies GmbH (MT), a German supplier of models, tools and plastic parts to the automotive manufacturing industry. AC Industrial Technology Holdings Inc. (AC Industrials), through AC Industrials (Singapore) Pte. Ltd., signed the acquisition of 94.9 percent of MT […]

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Lexus’ happy problem

Dealers of luxury vehicles in the Philippines are currently struggling with a problem. It’s not exactly a crisis—at least, not yet—but it is testing the mettle and abilities of their local managers just the same. That’s because the local market for high-end automobiles and sport utility vehicles has experienced a surge in demand from Filipino […]

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KTM to assemble motorbikes in PH under MVDP

KTM Asia Motorcycle Manufacturing Inc., a partnership between Ayala Corp. and Austria-based KTM AG, will start assembling motorcycles in the Philippines. KTM Asia will be a new participant in the new Motor Vehicle Development Program (MVDP) under Classification III. The Philippine Board of Investments (BOI) has approved the application of KTM Asia. Here’s the news from […]

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All-time high 417,356 vehicles sold in 2016

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Last November, the Philippine automobile industry, buoyed by first semester sales, raised its 2016 total sales target from 350,000 units to 370,000 units. The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) saw the higher target as a stepping stone towards achieving “Vision 2020,” the industry’s goal to sell 500,000 units by 2020 mainly […]

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May 16, 2018

Porsche makes the extremely desirable GT3 even more so—by making you work.

May 16, 2018

Rolls-Royce had been coy during the last few years about the development of their first proper off-road vehicle.

May 02, 2018

Last April, my husband and I attended the Entrepreneurs Organization’s Global Leadership Conference (EOGLC) in Toronto.