Ayala-led Integrated Micro-Electronics Inc. (IMI) is building a new manufacturing plant in Serbia, thereby expanding its European footprint to serve its growing market for automotive components in this region. IMI chair Jaime Zobel de Ayala, who is…
The Philippine automotive industry scored another record in September as vehicle sales reached 31,451 units, up 16 percent from 27,069 units in the same month last year. This brought total vehicle sales in the first nine months to…
Top leaders of automotive firms in the country are bullish about the Philippine automotive industry, which is expected to breach the 500,000-unit-per-year sales mark as early as 2018—two years ahead of the revised target set by the…
The Philippine automotive industry chalked up another record performance in August as vehicle sales reached 32,472 units, up 40 percent from the 23,181 units sold a year ago. This brought the total vehicle sales to 229,919 units…
Local automotive parts manufacturers are expected to invest an initial P1.6 billion to cater to the growth in demand from the participants of the Comprehensive Automotive Resurgence Strategy (CARS) program. The Department of Trade and Industry (DTI)…
The Philippine automotive industry posted another record month in May as vehicle sales rose by 30 percent to 30,157 units, according to the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi). Last month’s sales has brought…
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…
CONGLOMERATE Ayala Corp. is debuting into the motorcycle manufacturing business through a new partnership with Austria-based KTM AG, which has chosen the Philippines to be its hub in Southeast Asia. This industrial venture is part of Ayala’s…
During its annual stockholders’ meeting, Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala announced the group’s five-year plan to increase its net income to P50B. Dubbed “Ayala 2020”, the plan also seeks to improve shareholder…
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…
