Tag: #CBU
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Car firms, labor urge progressive policy
Car companies operating in the Philippines and the labor sector have urged government to adopt a progressive policy that promotes a competitive business environment to preserve the remaining local vehicle assembly/manufacturing in the country.
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Safeguard measure on cars, LCVs to stunt industry growth by 5 years
The implementation of the safeguard measure on imported completely built-up (CBU) passenger cars and light commercial vehicles (LCVs) is expected to stunt industry growth, pulling back by five years or to 2016 level as sales are projected to hit 397,000 units only by 2025 instead of 439,000 units without the punitive tariff.
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Toyota Japan says PH safeguard duty won’t lead to more local production
Toyota Motor Corporation (TMC) Japan, which local subsidiary Toyota Motor Philippines (TMP) imports 39 completely built up (CBU) models, said the Philippines’ imposition of safeguard measures on imported CBU passenger cars and light commercial vehicles (LCVs) will not lead to increased investments in auto assembly and localization of CBU models in the country.
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Autoparts makers, workers hail safeguard measure on CBUs
Domestic automotive parts manufacturers and workers stood behind the Department of Trade and Industry’s (DTI) decision to impose provisional safeguard measure on imported completely built-up (CBU) cars and light commercial vehicles (LCVs) as a step that will arrest further decline in local auto parts manufacturing and save jobs.
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PH auto industry slams PH imposition of safeguard duty
Domestic car manufacturers and traders slammed the decision of the Philippine government to slap a punitive safeguard duty on imported completely built up (CBU) cars and light commercial vehicles (LCVs), citing short and long-term risks to the industrial sector, price hikes, deferment of expansion plans, delayed recovery and further disruption due to potential trade retaliation moves by concerned exporting countries.