TOKYO — Nissan, which is taking a 34 percent stake in scandal-ridden Japanese rival Mitsubishi Motors, suffered a 40 percent plunge in January-March profit as sales dipped and currency perks faded. Nissan Motor Co. reported a 71…
The Philippine automotive industry has set another record performance in April with vehicle sales hitting 27,697 units, up 30 percent from year-ago level. This brought total vehicle sales in the first four months of the year to…
TOKYO — Toyota Motor Corp. is projecting a 35-percent plunge in profit for the fiscal year through March 2017, as the perks of a favorable exchange rate fade, and it reported a 4-percent drop in profit for…
The Philippine motorcycle industry expects to continue its strong performance this year with at least a 15-percent growth in sales, driven by robust domestic demand. Last year, motorcycle sales grew by 8 percent to 850,509 units—reportedly the…
The Philippines has bucked the trend of continued decline in motor vehicle sales in the region, and remained among the most lucrative markets for automotive companies. Data from the Asean Automotive Federation showed that the Philippines was…
IT TOOK more than three years of consultations with the auto industry and its stakeholders before the Department of Trade and Industry (DTI) finally had Malacañang approve Executive Order (EO) No. 182 or the Comprehensive Automotive Resurgence…
The manufacturing industry has grown by 8.1 percent over the last five years and has been a leading growth driver of the economy. To help sustain this strong growth and create more and better jobs, the government…
Vehicle importers and distributors ended 2015 on a high note as they posted a 65-percent surge in sales to 58,712 units. The sector’s performance was due to “the strong domestic demand condition as the country enjoys economic…
Toyota Motor Philippines Corp. is initially investing more than 1 billion yen—equivalent to a little over P400 million, at the prevailing exchange rate—for its assembly facility in Laguna, as part of the company’s preparations to participate in…
The Philippine automotive industry continued its stellar performance in 2015 as it booked a strong double-digit growth of 23 percent in vehicle sales to 288,609 units. For December alone, local automotive players posted a 25-percent growth to…
