automotive industry

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 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…

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…

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. …

Car sales grow amid planned tax increase for 2018

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,…

Auto sales jumped 17.3% in October

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…

Know the 45th Tokyo Motor Show

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…

San Miguel to take 65% stake in BMW distributor

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…

Vehicle sales growth slowed to 4.8% in April

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…

Manila’s top international auto show opens

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…

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