Automotive

MANILA, Philippines – Toyota cars sold locally are not affected by the accelerator-pedal recall implemented in the United States, a top official of Toyota Motor Philippines (TMP) said.

MANILA, Philippines – The automotive industry is pushing for the refleeting of public utility jeeps (PUJs) with the country’s own model of vehicle under the Philippine Brand Vehicle (PBV) program, a ranking government official said.

MANILA, Philippines – The government must provide performance based incentive package to help the local auto industry, a study commissioned by Toyota and other local car manufacturers said.

MANILA, Philippines – The local auto industry had a banner year in 2009 as it experienced sales growth across categories, except Asian utility vehicles (AUVs), and finished the year with a 6.4-percent sales increment from 2008 for a full-year total of 132,444 units.

MANILA, Philippines – Sales of the local automotive industry expanded by 6.4 percent to 132,444 units in 2009 due to higher replacement rate of typhoon damaged vehicles coupled with stronger-than-expected growth in overseas Filipino workers’ remittances.

Asian car makers dethroned Detroit as the biggest sellers in the United States in 2009 after General Motors and Chrysler succumbed to the strain of the economic crisis, industry data shows. Total industry sales fell 21.2 per cent to 10.43 million vehicles in 2009, according to Autodata.

The Deloitte study entitled, “The Future of the Philippine Automotive Industry” premised its conclusion on some advantages and disadvantages prevailing in the country over its competitors.

The year 2009 proved to be a very challenging year for the automotive business as it took severe beating from the global financial meltdown. The closures of manufacturing plants, financial bankruptcies and massive layoffs of workers of the world’s biggest autoplayers were clear signals of an industry in dire straits.

MANILA, Philippines – I don’t know about you, but all this talk about massacres, martial law, re-election and sports heroes gone awry has left me wanting for more substantial, feel good stories. Even the amazing feat of 2009 CNN Hero of the Year Efren Peñaflorida received no less than one full day of our undivided…

MANILA, Philippines – The local auto industry is on track to surpassing its target this year, with sales from January to November growing by 3.7 percent, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) said yesterday.

THE Philippine auto industry pales   in comparison to its other Southeast Asian counterparts due to a cost disadvantage arising from a lack of scale, according to a study commissioned by several assemblers.

MANILA, Philippines – The automotive industry expect to sell 127,000 units this year or a 2.3-percent growth from last year’s level, the Chamber of Automotive Manufacturers Association of the Philippines Inc. (CAMPI) said yesterday.

Local vehicle assemblers expect to end the year with a growth of 2.3 percent in sales to more than 127,000 units, which remains far behind the sales figures of its neighbors as a result of unabated smuggling of used vehicles.

MANILA, Philippines – Local vehicle and parts makers expressed their support for the revision of the Motor Vehicle Development Program (MVDP) under EO156. The Philippine Automotive Competitiveness Council Inc. (PACCI) said.

MANILA, Philippines – Local autoparts makers said the proposal of the government to extend income tax holidays and allow the duty-free importation of raw and semi-processed materials will help rev up the local auto industry.

AUTO industry players have asked the Board of Investments (BOI) to clarify certain provisions of the proposed policies laid out for the revised Motor Vehicle Development Program (MVDP). “There are many questions that must be clearly answered, such as definitions, incentives and criteria, among others,” an official of the Chamber of Automotive Manufacturers of the…

Despite the string of typhoons that visited the country in the last two months, sales of new cars continue to rise by 1.3 percent to 106,146 units from January to October from 104,757 units in the same period last year.

THE Board of Investments (BOI) admitted that the government’s Motor Vehicle Development Program (MVDP) has been a failure. On the sidelines of a workshop, Efren Leaño, executive director of the incentives-giving agency, told reporters that MVDP was “not successful.”

Motorcycles and tricycles now dominate the Philippine streets, according to the government’s statistical board.

VEHICLE assemblers and parts makers are pushing to extend up to 2013 the tariff cover under the Japan Philippines Economic Partnership Agreement in parallel moves to protect the automotive industry from being displaced by Japanese imports.

IF YOU bring your flood-damaged car to a dealership today, chances are it will be worked on next year, according to Toyota Marikina.

MANILA, Philippines – The local automotive industry remains upbeat despite the 1.3 percent drop in overall sales during the first eight months of this year.

VEHICLE sales dipped 2.4 percent 71,506 units in the seven months to July 2009 from 73,290 in the same period last year, preliminary figures showed yesterday.

TOKYO/FRANKFURT (Reuters) – Leading global automakers reported forecast-beating quarterly results on Tuesday, but continued to give cautious outlooks for the industry, which remains hard hit by weak demand and a lack of consumer credit.

The Board of Investments (BOI) and domestic auto industry will be crafting a new Motor Vehicle Development Program (MVDP) “that is attuned to the times” by yearend, the Trade department said.

MANILA, Philippines – Automobile sales for the first half of the year went down by 2.8 percent as vehicle sales around the world continue to decline.

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The Department of Trade and Industry told local auto parts makers to look into offering more diverse products to make the industry more competitive.

THE Chamber of Automotive Manufacturers of the Philippines Inc. pressed the government yesterday to sustain its anti-smuggling operations as it lauded the Presidential Anti-Smuggling Group for seizing P1 billion worth of used vehicles in Davao City recently.

TOYOTA Motor is projecting this year’s industry sales to decline by 5 percent from last year’s level as buyers postpone purchases following fears that economic recovery still far off.