Monday, May 4, 2026
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Tag: auto industry

PBBM vetoes P4.57B in auto industry support; parts makers warn of sector collapse

The future of Philippine vehicle manufacturing has been thrown into some uncertainty after President Ferdinand “Bongbong” Marcos Jr. vetoed the proposed P4.32 billion budget...

EU to diffuse 2035 ICE ban to support auto sector

BRUSSELS — The European Union on Tuesday diluted its landmark 2035 ban on new petrol and diesel cars, a move previously hailed as a...

Toyota Motor Philippines paid P24 billion in duties and taxes in first half of 2025

Toyota Motor Philippines Corp. (TMP) paid P24.09 billion in duties and taxes in the first half of 2025, a 29-percent increase from P18.67 billion...

Toyota Motor Philippines seeks JPEPA review after US tariff deal

 Philippine automotive industry renews calls to update the Japan-Philippines Economic Partnership Agreement (JPEPA) due to tariff imbalances created by zero-tariff access for US vehicle...

Driving the momentum toward 2025

With curtains falling on 2024, the local motoring industry stands on an unprecedented pedestal, reflecting a year marked by resilience, innovation, and significant growth....

Tesla deliveries fall with temporary closure of China factory

Tesla's deliveries of electric vehicles fell in the second quarter compared to the previous one due mainly to a weeks-long closure of its factory...

Auto sector shifts gear towards recycling parts, batteries

From ageing electric batteries to old engines to rearview mirrors, the auto industry is revving up its recycling efforts as it faces pressure to...
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