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Tag: Comprehensive Automotive Resurgence Strategy

Gov’t mulls over three-year extension of CARS program

The government is willing to extend by three years the timeline for compliance with the Comprehensive Automotive Resurgence Strategy program to give automotive assemblers...

2020 automotive sales seen falling more than 40% to 250,000 units

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Auto firms may not receive incentives under CARS program

The Trade Department said participants in the Comprehensive Automotive Resurgence Strategy program may not qualify for incentives from the government because of the poor...

Pandemic affects CARS program

Toyota Motor Philippines Corp. plans to consult with the Trade Department on the future of the Comprehensive Automotive Resurgence Strategy program as the automotive...

Govt studying another auto incentive scheme

The government is studying another incentive program to encourage automotive players to assemble at least one model per company in the country. Trade Secretary Ramon...

Toyota gears up for smart, green cars

Santa Rosa, Laguna—Toyota Motor Philippines Corporation presented to the media its high technology facilities, which were completed under the Comprehensive Automotive Resurgence Strategy (CARS)...

Mitsubishi Motors PH aims to sell 1m vehicles over the next decade

Mitsubishi Motors Philippines Corp. said it aims to sell another 1 million vehicles in the next decade despite challenges to the industry led by...

Toyota investing P1 billion to increase local parts of Vios

Toyota Motor Philippines Corp. said it will invest another P1 billion in 2019 to increase the local content of the Vios, its entry to...

Mitsubishi plans to export Mirage vehicles from Philippines

Mitsubishi Motor Philippines Corp. unveiled a plan to export locally-assembled Mirage subcompact cars. Mitsubishi first vice president for sales and marketing Dante Santos said the...

Du30 vows shelter for business stake

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Hyundai hikes Philippine investment program to P5-billion

Hyundai Asia Resources Inc., the official distributor of Hyundai vehicles in the Philippines, said it will increase its investments in the Philippines to P5...

Four Toyota parts makers accredited

The Board of Investments accredited four Toyota suppliers as participating parts makers under the Comprehensive Automotive Resurgence Strategy program. Manly Plastics Inc., Technol Eight Philippines...

Half-a-billion autos rolling

Over the last five years, the Philippine automotive sector has been growing by leaps and bounds. Every year is another record year topping previous...

BoI eyes Cars slot for jeepneys

The Board of Investments may allow jeepney manufacturing to fill in the remaining third slot of the Comprehensive Automotive Resurgence Strategy program, a move...
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