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Toyota group to invest P7.5 billion in next 3 years

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AP FILE PHOTO

The Toyota Group of Export Suppliers has committed to invest as much as P7.5 billion between now and 2016 for new projects, including putting more locally manfucatured parts in the Vios model, amid challenging export market conditions.

Posted: June 11th, 2014 in Latest Business Stories | Read More »

Toyota recalls 2.27M vehicles globally over airbag defect

AP FILE PHOTO

Toyota on Wednesday said it was recalling 2.27 million vehicles globally over an airbag system defect that could cause a fire, the latest in a series of callbacks by the world’s biggest automaker.

Posted: June 11th, 2014 in Latest Business Stories | Read More »

Ford shows off ‘smart’ Mustang at Taiwan tech show

model poses by a red Mustang 50th anniversary edition car on display at the China International Exhibition Center new venue during the "Auto China 2014" Beijing International Automotive Exhibition in Beijing on April 21, 2014. AFP FILE PHOTO

US auto giant Ford showed off its new Mustang at Asia’s biggest tech fair Tuesday, billing it as “the smartest Mustang to date”, with voice controls and early warning collision systems.

Posted: June 3rd, 2014 in Latest Business Stories | Read More »

Honda cuts production in Thailand by 40%

AP FILE PHOTO

Honda Motor said Friday it has cut production in its Thai plant by 40 percent, blaming a drop in demand, the day after the country’s army chief seized power in a military coup.

Posted: May 23rd, 2014 in Latest Business Stories | Read More »

Mitsubishi to invest P10B in PH

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Mitsubishi Motors Corp. (MMC) is eyeing an initial investment of P10 billion in its Philippine operations to establish its third Southeast Asian manufacturing hub in the country, a statement from the Department of Trade and Industry’s foreign trade office in Japan showed.

Posted: May 19th, 2014 in Editor's Pick,Headlines | Read More »

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