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Ayala Corp. is preparing to be a bigger player in local automotive manufacturing, ready to pour billions of pesos in an industry long dwarfed by peers in the region but henceforth seen to benefit from rising consumer…
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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…
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Mitsubishi Motors Philippines Corp. (MMPC) is investing P4.3 billion to beef up its production assembly facilities in Laguna to prepare for its participation in the government’s Comprehensive Automotive Resurgence Strategy (CARS) program. In a press briefing on February…
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Foton, the Philippines’ biggest Chinese automotive brand, has been making inroads in the local automotive market. Starting in 2006, Foton initially targeted the entrepreneurial and corporate accounts in the private sector. As time went on, Foton was slowly…
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IT TOOK more than three years of consultations with the auto industry and its stakeholders before the Department of Trade and Industry (DTI) finally had Malacañang approve Executive Order (EO) No. 182 or the Comprehensive Automotive Resurgence…
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The manufacturing industry has grown by 8.1 percent over the last five years and has been a leading growth driver of the economy. To help sustain this strong growth and create more and better jobs, the government…
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Toyota Motor Philippines Corp. is initially investing more than 1 billion yen—equivalent to a little over P400 million, at the prevailing exchange rate—for its assembly facility in Laguna, as part of the company’s preparations to participate in…
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The Philippine automotive industry continued its stellar performance in 2015 as it booked a strong double-digit growth of 23 percent in vehicle sales to 288,609 units. For December alone, local automotive players posted a 25-percent growth to…
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In a press statement, the Philippine Part Maker Association lauded the issuance last December 19, 2015 by the Board of Investments of the Implementing Rules and Regulations for Executive Order 182 or the Comprehensive Automotive Resurgence Strategy…
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WITH the way vehicle sales are surging ahead during the first six months of 2015, members of both Chamber of Automotive Manufacturers of the Philippines (Campi) and the Truck Manufacturers Association (TMA) are confident that the…
