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Vehicle importers posted a 103-percent surge in sales in the first half of the year as brands introduced innovations and cheaper models in the passenger car and light commercial vehicle segments. The Association of Vehicle Importers and…
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Ayala-led Integrated Micro-Electronics Inc. (IMI) is now the 6th largest global provider of electronic manufacturing services (EMS) to the automotive industry, improving its ranking by a notch from last year. IMI’s ranking went up based on 2015…
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The Philippine auto industry is set to continue its blistering growth, with sales forecast to rise 25 to 30 percent in 2016 from the previous year. With that, business groups are finding the sector an attractive…
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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…
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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…
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STA. ROSA, Laguna—Mitsubishi Motors Philippines Corp. (MMPC) on Friday broke ground on its P2-billion press stamping facility here. The capital outlay for this project forms part of MMPC’s P4.3-billion committed investment under the Comprehensive Automotive Resurgence Strategy…
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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…
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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…
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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…
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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…
