One wouldn’t expect Audi to just let Mercedes-Benz and BMW take the lion’s share in the premium compact sedan market without churning out a model that can rival those made by the two German auto giants. Of course not. Not to be outdone by its archrivals, Audi has recently launched its own entry-luxury compact sedan, the A3, at the Shanghai Auto Show last April 20.
The exclusive distributor of Porsche, Audi, Lamborghini and Bentley is facing scrutiny from the Bureau of Customs (BOC) for allegedly shaving its duty payments to the government by as much as P1 billion over the last five years.
A shipment of 446 used luxury cars, sport utility vehicles, sedans and vans arrived at Port Irene here on Saturday, even as a controversy continues to rage over the legality of such importations in the face of a government ban upheld by the Supreme Court and despite a moratorium that the government has issued against their registration.
It’s boomtime for the Philippines. Analysts recently proclaimed the country as already an emerged economy, no longer the “Sick Man of Asia,” an archipelago with a sweet spot for investors.
