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Vehicle importers see 26% rise in sales

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Vehicle sales in the Philippines are expected to reach 300,000 units by 2015, on the back of a robust economy, growing middle class and increased remittances from overseas Filipino workers.  FILE PHOTO

Vehicle importers and distributors chalked up a 26-percent increase in sales to 3,032 units in August, driven by the stellar performances of the passenger car (PC) and light commercial vehicle (LCV) segments.

Posted: September 18th, 2014 in Headlines,Latest Business Stories | Read More »

Toyota sets P2B investment

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AP FILE PHOTO

Toyota Motor Philippines Co. (TMP) plans to invest another P2 billion in its manufacturing plant in Sta. Rosa, Laguna, as it prepares to embark on a full model change of the Innova given its bullish outlook on the local automotive sector.

Posted: August 21st, 2014 in Headlines,Latest Business Stories | Read More »

Auto parts manufacturing hub status eyed

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The Philippines is poised to become a competitive manufacturing base for motor vehicles and its parts and components by 2025, as the government moves to implement a new industrial policy that is largely centered on deepening the local companies’ participation in the global value chains (GVC).

Posted: July 31st, 2014 in Headlines | Read More »

Honda recalls cars with faulty airbags

Screengrab from http://www.hondaphil.com/

Local automotive firm Honda Cars Philippines Inc. (HCPI) has announced the voluntary recall of 1,760 units of the Honda Fit, City, Civic, and Accord models that were sold in the Philippines, due to faulty front passenger airbags.

Posted: July 10th, 2014 in Latest Business Stories | Read More »

Honda bullish on smaller car demand

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Honda Cars Philippines Inc. (HCPI) is bullish about retaining its leadership in the subcompact hatchback category with the launching of the third-generation, all new Jazz to the local market.

Posted: June 26th, 2014 in Headlines | Read More »

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