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Nonlife insurance posts robust growth

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Robust auto sales and construction activities on the back of an expanding economy are helping the nonlife insurance sector grow faster, according to the Philippine Insurers and Reinsurers Association (Pira).

Posted: October 13th, 2014 in Headlines | Read More »

Q1 auto sales up by 29%

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Vehicle sales rose by nearly 30 percent in the first quarter of 2013 as market optimism and low interest rates fuel demand for new cars and trucks, data released by the industry association showed.

Posted: April 11th, 2013 in Headlines | Read More »

Another good year for the auto industry

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AVID president Ma. Fe Agudo, CAMPI president Rommel Gutierrez and BOI Executive Director Lucita P. Reyes are all smiles after a lively open forum on the auto industry at the third Usapan AAP. photo by aida sevilla-mendoza

What a coincidence! Last Thursday morning, when the Automobile Association Philippines held its third Usapan AAP media forum where the topic was the outlook for the automotive industry in 2013, a newspaper (not the Inquirer) leaked the contents of the government’s new roadmap for the industry.

Posted: February 12th, 2013 in Motoring | Read More »

Why car sales are strong in the US

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In this March 3, 2012 photo, a lift brings a Volkswagen Beetle from a tower at the Autostadt in Wolfsburg, Germany. A steadily improving economy and strong December sales lifted the American auto industry to its best performance in five years in 2012, especially for Volkswagen and Japanese-brand vehicles, and experts say the next year should be even better. AP PHOTO/DAPD, DAVID HECKER

It’s not quite boom times for the US auto industry. But it’s getting there. Sales of new cars and trucks came in at 14.5 million for 2012, up from 12.8 million in 2011. Cheap loans, a host of new cars and greater confidence in the economy are drawing buyers into showrooms.

Posted: January 4th, 2013 in Latest Business Stories | Read More »

Chrysler’s US sales accelerate, Ford stumbles

This Feb. 16, 2012, photo shows Chrysler logo on the Chrysler exhibit at the 2012 Pittsburgh Auto Show. Chrysler says its US sales rose 13 percent in July while rival Ford stumbled and Volkswagen roared ahead, automakers said Wednesday, August 1, 2012.  AP Photo/Gene J. Puskar

Chrysler’s sales accelerated to its best July performance in five years while rival Ford stumbled and Volkswagen roared ahead, automakers said Wednesday.

Posted: August 2nd, 2012 in Latest Business Stories | Read More »

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