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automotive industry

Will the auto world remain flat for the rest of 2019?

The world is flat. At least, as far as the world of the local automotive industry is concerned.…

Shift to electric, autonomous driving a matter of survival for car companies

  Sweeping technological and regulatory changes, including the development of electric cars and autonomous self-driving vehicles, are disrupting the automotive industry worldwide. The emergence of climate change as a potent political issue, plus worsening air quality in…

Hyundai sales in PH grow 17.4% in April

DELIVERIES of Hyundai vehicles sold in the Philippines by distributor Hyundai Asia Resources, Inc. (HARI) rose 17.4% in April compared to the same month a year ago. HARI sold 2,795 units in April 2019. HARI’s April 2019…

Sign of recovery? Philippine car sales inch up in April

THERE is no pattern that can be discerned yet. This is according to Rommel Gutierrez, president of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), regarding domestic sales of vehicles this year. The executive, also…

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…

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,…

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…

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…

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…

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…