Security Bank Corporation and Mitsubishi Motors Corporation have formed a joint venture firm Mitsubishi Motors Finance Philippines Inc. to offer financing services to Mitsubishi customers amid a rapidly expanding domestic car market. In a disclosure to the Philippine Stock Exchange (PSE),...
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...
Domestic motor vehicle sales in the first quarter this year went up by 30.1 percent to 97,284 units as against 74,754 units sold in the same period last year, with March sales hitting 36,880 units, making it the second highest monthly performance post pandemic, official industry data showed. A...
The long Holy Week holidays are just a week away. Chances are, you’ve already got a destination in mind. For such a trip, it’s important to have a vehicle that can do it all: fit a lot of friends or family, make the drive as comfortable as possible, and is ready for any challenge that...
It was 1963, the tail-end of the Baby Boomer generation when Mitsubishi Motors Philippines was incorporated. It went by several names, including Canlubang Automotive Resources Corporation and Philippine Automotive Manufacturing Corporation, before finally settling into what we know now...
Celebrating 100,000 sales of the Strada nameplate In celebration of its more than 100,000 units sold for the Strada, Mitsubishi Motors Philippines Corporation (MMPC) releases a new fighter in the market: a special variant of the tough and capable pick-up, the Strada GLS S-Limited. Distinct by...
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 Dita...
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....
Toyota Motor Philippines Corp. (TMPC) and Mitsubishi Motors Philippines Corp. (MMPC) have produced a total of 207,165 units of their respective enrolled models under the Comprehensive Automotive Resurgence Strategy (CARS) program to date, or just half of the 400,000-unit volume required under the...
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 Managing...
Domestic carsales in the first ten months this year jumped 30.9 percent to 280,300 units from 214,186 units in the same period last year, with Toyota Motor Philippines accounting for half of total industry sales. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc....
Mitsubishi Motors Philippines Corporation (MMPC) introduces Life Kyaraban , an oncoming series of roadshows which will start at the Glorietta Activity Center. It serves as an avenue for customers to not only see up close the latest Mitsubishi vehicles, including the new Xpander, but also thoroughly...
