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Vehicle sales up 41% in September

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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

The Philippine automotive sector continued its stellar performance in September, as it posted a 41.7-percent surge in vehicle sales to 20,924 units, reportedly a record high in monthly sales of members of the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi).

Posted: October 10th, 2014 in Editor's Pick,Headlines | Read More »

Toyota recalls 690,000 pickups in US over fire risk

Toyota Pickup Recall

Toyota on Monday said it was recalling about 690,000 Tacoma pickup trucks in the United States to fix a suspension system flaw that could result in vehicle fires.

Posted: September 30th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Automakers see continued robust PH demand

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FILE PHOTO

Members of the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) unveiled new models and concept cars at the 5th Philippine International Motor Show on Thursday, as local automotive firms seek to tap the continued and robust growth in demand for vehicles in the country.

Posted: September 19th, 2014 in Latest Business Stories | Read More »

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 »

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