MANILA, Philippines – The local auto industry is asking up to 100 percent excise tax rebate from the government to make local manufacturing more competitive. Read the rest of this entry »
Auto industry presents roadmap
February 1, 2012
Should we let car manufacturing die?
February 1, 2012
We have to make up our minds sooner than we want to. Our car manufacturing industry, or what little of it that we have, is on the verge of dying. Our car market is growing, but the share of locally manufactured (assembled) cars is going down. In 1993 when the total number of vehicles sold (locally manufactured and CBU imports) was at 84,000 units, the share of those locally manufactured was 98 percent or 83,000 units. Now that the market is at the 170,000 level, the share of locally manufactured units is only at 44 percent or just 75,000 units. Read the rest of this entry »
Car industry aiming for Asean single market
February 1, 2012
THE automotive manufacturing industry roadmap, which was unveiled on Tuesday at the Third Automotive Manufacturing Summit, proposes the transformation of the industry from assembly of completely knocked down units for the domestic consumers to outright manufacturing of vehicles for the local and export markets. Read the rest of this entry »
Automakers eye full recovery
January 30, 2012
MANILA, Philippines – The local auto industry is looking at a full recovery this year after slowing down in 2011, with sales seen to grow 8.74 percent this year. Read the rest of this entry »
Vehicle sales shrink 4% for entire 2011
January 10, 2012
Local vehicle assemblers ended last year with a four percent contraction over 2010 with Honda suffering the biggest loss.
Latest figures show all product categories posting decline in sales. Read the rest of this entry »
Car industry reels from supply woes
December 23, 2011
UNCERTAINTIES from Europe cast a dark cloud over the prospects of the local automotive industry, with supply woes seen to plague the sector until early next year.
Dr. Wayne Lee, president and chief executive officer of Universal Motors Corp., said during an exclusive roundtable interview with The Manila Times that the twin disasters that hit Japan in March and the massive flooding in Thailand would continue to weigh down on the industry until early next year. Read the rest of this entry »
Shutdown of auto industry bad for economy – UA&P study
November 28, 2011
MANILA, Philippines – The shutdown of the automotive local industry will lower the gross domestic product (GDP) by 2.35 percent and will reduce spending by P6.96 billion, a study made by the University of Asia and the Pacific (UA&P) showed. Read the rest of this entry »
Honda stops production
November 3, 2011
Japanese car maker says it will halt output in the Philippines starting today due to parts shortages amid the floods in Thailand. Read the rest of this entry »
Toyota, Mitsubishi keep targets despite Thai floods
October 25, 2011
THE Philippine units of Toyota, Mitsubishi Motors, and Nissan said they would keep their targets amid planned adjustments stemming from supply disruptions caused by massive flooding in Thailand. Read the rest of this entry »
September vehicle sales mark improvement
October 11, 2011
DOMESTIC vehicle sales showed signs of improvement in September, but the first nine-month performance remained sluggish despite easing supply chain woes. Read the rest of this entry »
