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Imported vehicle sales up 20%

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Vehicle importers and distributors chalked up a 20-percent rise in sales to 3,101 units in October, driven by the strong performance of both the passenger car (PC) and light commercial vehicle (LCV) segments during the period.

Posted: November 28th, 2014 in Headlines | Read More »

Toyota recalls more cars for air bag problems

Child seats, manufactured by Takata Corp. are displayed at a Toyota Motor Corp.'s showroom in Tokyo Thursday, Nov. 6, 2014. Takata, the Japanese air bag maker embroiled in a massive recall totaling some 12 million vehicles globally, says it's taking more special losses for new recalls and will sink deeper into the red for the fiscal year. Takata said Thursday it will record a 25 billion yen ($218 million) loss for the fiscal year through March 2015. It previously forecast a 24 million yen ($210 million) forecast. (AP Photo/Shizuo Kambayashi)

Toyota Motor Corp. is recalling more than 40,000 vehicles in Japan as part of an ongoing air bag problem, days after Japan’s transport minister instructed Japanese automakers to speed up their repairs.

Posted: November 27th, 2014 in Latest Business Stories,Motoring | Read More »

Ford Philippines boosts October sales

Ford Explorer Sport

Ford Philippines has announced its best-ever performance for the month of October with total retail sales increasing 52 percent year-over-year to 1,950 units. Sales across Ford’s lineup in the Philippines helped drive the record month, including continuing strength in demand for the Ranger, EcoSport and Everest nameplates.

Posted: November 8th, 2014 in Latest Business Stories | Read More »

SC orders BMW dealer to refund buyer

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The Supreme Court  building PHOTO BY NIÑO JESUS ORBETA

The Supreme Court has affirmed and declared final a 2006 decision by the Department of Trade and Industry (DTI) that found a car dealer liable for the defects of a “brand-new” BMW that a business executive had bought for about P3.4 million in 2003.

Posted: October 24th, 2014 in Latest Business Stories | Read More »

Imported car sales up 19% in 9 months

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Distributors and importers of motor vehicles posted a 19-percent growth in sales to 27,013 units in the nine months to September, with both the passenger car and commercial vehicle segments performing strongly.

Posted: October 24th, 2014 in Headlines | Read More »

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