TOKYO—Mitsubishi Motors Philippines Corp. (MMPC) has bared plans to infuse additional investments in the local automotive industry and introduce new models, including a plug-in hybrid electric vehicle. This will be on top of the P4.3 billion that…
TOKYO—Mitsubishi Motors Corp. of Japan is betting big on its operations in the Philippines as it targets to make the country one of its export hubs in the region. MMC chair and CEO Osamu Masuko told reporters…
THE BOARD of Investments said it would not relax the stiff requirements that the government had set for the Comprehensive Automotive Resurgence Strategy (CARS) program to accommodate a third player. BOI managing head Ceferino S. Rodolfo said…
Too little, too late. While ASEAN-region automotive powerhouses Thailand and Indonesia are already implementing multi-year car assembly programs, the Philippines is struggling to merely come up with a plan for investment in the automotive sector. This is…
As the Philippines is putting together its car manufacturing investment ‘roadmap’ at a glacial pace, many carmakers have already established regional and global production centers in other ASEAN countries, mainly Thailand. One of the automotive giants that…
The Toyota Group of Export Suppliers has announced that it will invest as much as P7.5 billion until 2016 for new projects. These will include using more locally manufactured parts in the Vios model, amid challenging export…
Feliciano L. Torres was recently reelected as chair of the Philippine Automotive Competitiveness Council Inc. (Pacci) in its organizational meeting last Feb. 7, where the new board of trustees and other key officers were also chosen.…