Automotive

THE auto industry will get three major types of incentives under the soon-to-be published implementing rules of the Comprehensive Motor Vehicle Development Program (CMVDP), Trade Undersecretary and Board of Investments (BOI) managing head Cristino Panlilio said.

THE Philippine auto-manufacturing industry should formulate an “export strategy” to boost its regional competitiveness before the government can consider added incentives, Trade Secretary Gregory Domingo said on Tuesday.

STATE ASSISTANCE to the automotive industry should be prioritized as it has the highest multiplier effect in generating jobs, an economist said yesterday.

MANILA, Philippines – Vehicle sales in the first three quarters soared 35.9 percent to 129,901 units. This prompted the Chamber of Automotive Manufacturers of the Philippines Inc. to boost its full-year sales target to 170,000-175,000 units, from the original target of 165,000 units.

THIS IS in response to Daxim Lucas’ article “Protectionism seen hurting RP auto industry.” (Inquirer, 9/13/10) Protectionism is not the issue for the sluggish development of the auto industry. It is the failure of the government to support the local industry through cheaper credit, more efficient infrastructure, better research and development, market development assistance, harmonized…

MANILA, Philippines – The delay in the implementation of the Comprehensive Motor Vehicle Development Plan (CMVDP) will not discourage auto companies from investing further in the country, local automotive manufacturers said.

POLICIES to lower the costs of parts and production are being considered by the government in a bid to entice more car assemblers into exporting, officials last week said.

CAR SALES could grow by over a fifth this year to top 1996’s record of over 162,000 units, an industry group yesterday said.

The government’s firm stand against all forms of corruption has sent a strong signal to the regional automotive principals that the Philippines is a viable investment site, an industry official said in a statement Friday.

CAR ASSEMBLERS are looking at ending the year with higher output, a development which could even mean a factory expansion for some, industry officials yesterday said.

To develop local supply chain, create more jobs American businessmen want the government to come up with a national automotive policy that puts focus on assembly and auto parts manufacturing because that would develop the local supply chain that would create more jobs in the country.

MANILA, Philippines – The Philippines must choose between producing vehicles in the country or importing vehicles before crafting any new regulation in order to better support the auto industry.

CAR PARTS makers want the Board of Investments (BoI) to retain provisions establishing an industry development fund as the agency moves to review and possibly revise a new incentive package for the automotive industry.

AUTOMOTIVE GROUPS warily welcomed the Board of Investments’ (BoI) decision to review and possibly overhaul yet again the incentive program for the industry, but urged the state agency to move fast.

VEHICLE SALES have remained brisk with the industry maintaining the first semester’s growth pace last month, data released during the weekend showed.

AUTO industry associations want the Aquino administration to expedite its review of the Comprehensive Motor Vehicle Development Program (CMVDP) so the country can catch up with its Southeast Asian neighbors. Department of Trade and Industry (DTI) Undersecretary Cristino Panlilio, who is also Board of Investments (BOI) managing head, said last week said that the government…

MANILA, Philippines – Amidst the controversy surrounding the signing of the comprehensive Motor Vehicle Development Plan (MVDP), the Board of Investments (BOI) announced they will be reviewing the MVDP in order to make it more responsive to the call of the new administration to create more employment.

Executive Order 877, like many of the unfinished business of the Arroyo administration, is fraught with controversy and it just gets worse as the press picks up misunderstood bits and pieces.

MANILA, Philippines – Local auto parts makers yesterday defended the Comprehensive Motor Vehicle Development Plan (MVDP) against the Alliance of Vehicle Importers and Distributors (AVID) and insisted that EO 877-A is not a “midnight” EO.

Local automotive industry players are asking the government that they be extended more incentives, citing the need for support in a bid to make the Philippines the auto production hub in this side of the world. Elizabeth Lee, Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) president, told an exclusive roundtable with The Manila…

The Alliance of Vehicle Importers and Dealers reiterated its opposition to an executive order allowing local car assemblers to create a motor vehicle “super body,” saying it could kill the trading industry.

THE PHILIPPINES has among the largest share of motorists in Asia and Europe that are fuel efficient, a survey by multinational oil company Shell found.

UNLESS you have no idea what a car is—which is highly unlikely if you’re reading this column—you’ve surely heard of the “sudden unintended acceleration” that bedeviled Toyota from late last year to early this year, forcing the Japanese carmaker to recall millions of vehicles in the US alone. The complaints filed against the car company…

MANILA, Philippines – Whether seen through nationalistic or pragmatic lenses, the Japan-Philippines Economic Partnership Agreement or JPEPA is here – signed by former President Gloria Macapagal-Arroyo and former Prime Minister Junichiro Koizumi in 2006 and ratified by the RP Senate.

CAR ASSEMBLERS and parts manufacturers will be eligible for incentives such as lower power rates and even a moratorium on strikes under draft implementing rules for the new Motor Vehicle Development Program (MVDP).

AN industry group wants discretionary powers for the body that would oversee the implementation of the newly issued Comprehensive Motor Vehicle Development Program (CMVDP). Benjamin Sevilla, Philippine Automotive Competitiveness Council Inc. (PACCI) executive director, told reporters on Friday that the implementing rules and regulations (IRR) of CMVDP should be drafted in a way that it…

MANILA, Philippines – Vehicle importers are wrong to ask the government to recall the Comprehensive Motor Vehicle Development Plan (MVDP) because of a typographical error in the publication of the Executive Order, the Board of Investments (BOI) said.

CAR sales rose 37.1 percent to 82,147 units in the six months to June as a result of higher consumer confidence and attractive financing packages, a group said Friday.

VEHICLE SALES IN THE FIRST HALF SURGED BY 37.1 percent to 82,147 units, from 59,909 units in the same period last year, reflecting increased consumer confidence and a better economic outlook for the rest of the year.

MANILA, Philippines – With the recent RP visit of former US Vice President (now iconic champion against climate change) Al Gore, concern for the environment has been pushed to the top of the Filipino mind – no doubt helped along by the very public and shocking debacle that is the BP oil spill in the…