Funding source for RACE program yet to be identified
As their efforts had already generated economic benefits
The Philippine automotive industry recently took a blow as President Ferdinand Marcos Jr. vetoed financial support for two major and ongoing programs in 2026.These are the Comprehensive Automotive Resurgence Strategy (CARS) and the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE)
The government reportedly has about P4-B in arrears under the two programs
In light of the pandemic, the Philippine government decided to extend the Comprehensive Automotive Resurgence Strategy (CARS) program-a move that favored both Toyota Motor Philippines (TMP) and Mitsubishi Motors Philippines (MMPC) as well as the local auto industry. For 2026, however,
An executive order may be issued in June, says the DTI
Toyota Motor Philippines (TMP) and Mitsubishi Motors Philippines (MMPC) may soon breathe a sigh of relief, as the Inter-Agency Committee (IAC) on Automotive Industry Development is expected to issue an executive order (EO) in a few months extending the Comprehensive Automotive
The two carmakers now have a tighter schedule after months of zero production
We all know that the automotive industry took a huge hit from this COVID-19 pandemic. It appears, however, that certain carmakers are feeling the effects more than others.These car brands are Toyota Motor Philippines (TMP) and Mitsubishi Motors Philippines (MMPC),
In compliance with the government’s CARS Program
Toyota Motor Philippines (TMP) manufactures two vehicles locally: the Innova and the best-selling Vios. The latter saw an all-new model launched just last year, where it was announced that it would be TMP's participating model in the government's
From the Philippine Auto Parts Expo
That vehicle in the photo above? That could very well be what you'll ride to work in the not-so-distant future.The very first Philippine Auto Parts Expo was recently held at the Philippine Trade Training Center in Pasay
by Jason Tulio
As part of the CARS program
Mitsubishi Motors Philippines recently held a press conference at one of the usual five-star hotels reserved for big announcements. While it wasn't earth-shattering news, the information conveyed had very important implications for the automotive industry.You might have heard
by Dinzo Tabamo
Sees 'clearer direction' from gov't
On Tuesday, we reported that President Aquino had finally signed the implementation of the Comprehensive Automotive Resurgence Strategy, a government program meant to spur the growth of car manufacturing in the country. The government plans to achieve this by providing incentives to
Expects to make PH a carmaking hub
The President has more good news to announce when he delivers his State of the Nation Address later this month: He has finally signed an Executive Order to implement the Comprehensive Automotive Resurgence Strategy (or CARS) program, the most tangible result of
