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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 »

Ferrari sells for record $38 million

FERRARI

A red 1962 Ferrari 250 GTO Berlinetta, said to be one of only a handful, was snapped up for $38.1 million in California, becoming the most expensive car ever sold at auction.

Posted: August 16th, 2014 in Latest Business Stories | Read More »

Mitsubishi Motors Philippines opens its 46th dealership in Laoag City

Sojitz Corp., Mitsubishi Motors Phils. Corp. and Northpoint Alliance Motors Corp. together with Ilocos government officials celebrate the opening of the newest Mitsubishi Motors showroom in Laoag City, Ilocos Norte.

Mitsubishi Motors Philippines Corp. (MMPC) recently opened Northpoint Alliance Motor Corp. (NAMCO) in Laoag City, Ilocos Norte. NAMCO which is MMPC’s 46th dealership is strategically located on a 5,245 square meters lot at 50 Buttong, Airport Road, Laoag City, Ilocos Norte.

Posted: August 15th, 2014 in Latest Business Stories,Motoring | Read More »

Vios, Innova push Toyota sales to PH record

Toyota Motor Philippines (TMP) has hit a new record in July, as vehicle sales surged by 65 percent to 10,123 units during the month due to a strong demand for the Vios and Innova models.

Posted: August 7th, 2014 in Headlines | 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 »

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