The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) is targeting total sales of 500,000 units this year from 429,807 units sold in 2023 on bullish economic outlook. CAMPI President Rommel Gutierrez said that sales growth this year would be driven by the introduction of...
President Ferdinand R. Marcos Jr. approved a five-year extension of the Comprehensive Automotive Resurgence Strategy (CARS) program or up to 2028, following the recommendation by the Private Sector Advisory Council (PSAC), with the goal of expanding the Philippine automotive industry.
At the...
Local content in domestic automotive manufacturing more than doubled to 42 percent from only below 20 percent following the implementation of the Comprehensive Automotive Resurgence Strategy (CARS) Program, reported a top official of the Department of Trade and Industry (DTI).
DTI Undersecretary...
The Department of Trade and Industry (DTI) is courting Mitsubishi Motors Corp. (MPC) to assemble the next generation Xpander, a compact sports utility vehicle, to fulfill its commitment under the Comprehensive Automotive Resurgence Strategy (CARS).
DTI Special Trade Representative to Japan...
A possible reintroduction of the popular 1990s Toyota Tamaraw and the resurgence of the car manufacturing industry in the Philippines are some of the topics that President Ferdinand "Bongbong" Marcos Jr. discussed with Japanese officials and investors during a series of meetings on Friday, Feb....
The Board of Investments (BOI) is looking at asking the two participants of the incentive-driven Comprehensive Automotive Resurgence Strategy (CARS) program to assemble another model or offer a value addition in exchange for the grant of their request to extend the six-year program.
BOI...
G4 anything
Mitsubishi offers you a car that is game (G) for anything, in the form of the new Mirage G4. Mitsubishi Motors Philippines Corporation (MMPC) just unveiled its latest iteration. The refreshed subcompact sedan comes with sportier styling and updated features and...
MB file photo
The Philippine Metalworkers Alliance (PMA-SENTRO) has called for a review of the automotive industry development plan stating the imposition of the safeguard measure is not enough to save the domestic automotive industry and stop car companies' exodus from the...
Board of Investments (BOI) Managing Head Ceferino S. Rodolfo is amenable to a three-year delay in the compliance of the volume requirement by participants of the Comprehensive Automotive Resurgence Strategy (CARS) Program in consideration of the setback caused by the pandemic.
Rodolfo made...
