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Sales of imported vehicles rose 12% in Feb

Sales of imported vehicles grew 12 percent in February from the same month a year ago, a sign of hope after a difficult 2018. The Association of Vehicle Importers and Distributors, Inc. (AVID) said in a statement on Thursday that vehicle sales reached 7,876 units in February from 7,017 units in the same month last […]

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Trump threatens tariffs on EU if no trade deal reached

WASHINGTON, United States – US President Donald Trump threatened Wednesday to impose tariffs on European auto imports if he is unable to strike a trade deal with the EU. “We’re negotiating. If we don’t make the deal, we’ll do that,” Trump told reporters in response to a question on new tariffs. Trump’s renewed threat against […]

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Vehicle assemblers post 15% drop in January sales

Vehicle manufacturers saw their sales volume drop by 15 percent in January, showing no sign of market recovery after the industry had its worst sales decline in decades last year. Vehicle sales for the first month of the year reached only 26,888 units, lower than the 31,645 units sold in January 2017. This was according […]

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Toyota profit plummets despite moderately solid sales

TOKYO  — Toyota’s fiscal third quarter profit plunged to 180.9 billion yen ($12.6 billion), about a fifth of what the Japanese automaker earned the previous year, despite relatively solid sales, the Japanese automaker said Wednesday. Toyota Motor Corp.’s October-December profit in 2017 had totaled 941.8 billion yen, helped by perks from U.S. tax reforms. Toyota, […]

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Vehicle sales suffer worst slump since ’98

Vehicle sales fell by 16 percent last year, the worst full-year decline since the financial crisis in 1998. Members of two large automotive groups in the country sold 357,410 units last year, much less than the 425,673 units sold in 2017. The Christmas spirit was also not enough to boost auto sales as December marked […]

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33 most influential people in the auto industry

It’s always fascinating to pick the brains of people poised to shape the future of countless others. In the automotive industry, there are world-renowned automobile designers, top executives in global headquarters, tycoons or taipans. Some may have been born with their glorious destinies laid out before them, while others have had to work their way […]

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August vehicle sales down

Vehicle sales dropped 14.1 percent in August, a slower decline from the previous month as the market starts to show signs of improvement, data showed. Sales fell to 30,313 units that month, lower than the 35,309 units vehicle manufacturers sold in August last year. Despite the drop, this is slower than the 24.1-percent year-on-year decline […]

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Vehicle sales continue to decline

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 […]

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Elon Musk jolts Wall Street with tweet on taking Tesla private

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 […]

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Protecting the PH automotive industry

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.

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Apr 17, 2019

Fresh from celebrating its milestone of selling its 1 millionth unit since the company’s foray into the country in

Apr 10, 2019

The display of a Hyundai Kona Electric at last week’s Manila International Automobile Show (MIAS), plus Nissan Philippines’ recent

Apr 03, 2019

I am a firm believer that traveling gives kids a wealth of learnings that is sometimes better than just

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