“The new structure will strengthen Audi’s role within the Volkswagen Group”
Audi will soon be completely owned by the Volkswagen Group after the latter announced its plans to acquire the remaining 0.36% of the carmaker's shares. Prior to this announcement, Volkswagen owned 99.64% of Audi's shares.The company also
by Drei Laurel
“Air transportation has been a long-term goal”
Is Toyota getting into the business of getting the Corolla and Camry to take flight? Not exactly, but perhaps this new development could lead to something like it down the line.Toyota has just announced a $394-million investment in California-based
by Drei Laurel
Number one is a bit of a surprise
Bill Gates is, apparently, the richest person in the entire global car industry.Surprising, we know, but according to Bloomberg's list of the 20 richest individuals in the business based on total wealth, the Microsoft man's $914,554,258 stake
by Drei Laurel
The formula is still top secret
There are a handful of top-secret concoctions that are locked away in vaults, like the composition of Coca-Cola, and the list of the 11 secret herbs and spices that Colonel Sanders used to create KFC fried chicken. The WD-40
It’s a massive aftermarket parts show
There's a huge event happening this weekend at the SMX Convention Center in Metro Manila. From July 13 to 15, auto aftermarket retailers and distributors, as well as audio visual equipment enthusiasts, can source parts and accessories directly from manufacturers at
Is your favorite carmaker included?
The past year was one hell of a time to be interested in the auto industry. There were incredible highs--as in the case of Elon Musk and Tesla's meteoric rise to superstar status--as well as embarrassing lows (looking at
by Drei Laurel
A young, female executive for a change
During an intimate breakfast meeting with the media, Ford Philippines announced the appointment of its new managing director, Kay Hart. She will replace former company president, Randy Krieger, who has been appointed director of Ford ASEAN\'s marketing and sales division. Both
Like what new models we'll be getting in our market soon
The 34th Bangkok International Motor Show has a number of displays outside the massive Challenger Halls 1 to 3, which house the actual show. Interestingly, there's a long wall chronicling the growth of the Thailand automotive industry compared to those of
47 new or upgraded models from 2013 to 2017
At last week's press event for the all-new Kia Carens in Monaco, the Korean carmaker shared with its media guests a few milestones it has chalked up in recent years, including:* Cracking the exclusive circle of top 10 automotive brands
Can government sustain the drive?
The government is doing a good job of curbing vehicle smuggling in the country, according to the Motor Vehicle Parts Manufacturers Association of the Philippines (MVPMAP). The group of auto-parts makers specifically lauded the Bureau of Customs "for its renewed efforts
You can order one online
In all the years we've covered the automotive industry, one of the greatest challenges we've faced is maintaining accuracy when talking about a car company's corporate history--in particular its genealogy or lineage. Who owns this car brand now?
At the heart of Bonifacio Global City
Jaguar Cars Inc. and LRPhils Motors Inc. have moved to a bigger and better showroom at the Bonifacio Global City in Taguig as proof of the group's continuing commitment to invest in the future of the country's automotive industry."We
Car manufacturers eye four percent growth after lackluster sales performance in 2009<br />
The local automotive industry is expecting a four percent sales growth--an improvement over this year's bleak sales--on the back of a better economy in 2010.The forecast was made by the Chamber of Automotive Manufacturers of the Philippines,
Second Auto Madness kicks off on September 10<br />
When the global economic slowdown hit the local market, companies became more cautious about their prospects for the year. Everyone was expecting the worst, with a flat performance being satisfactory already.BPI Family Savings Bank (BFSB) was one of the firms that
The Chamber of Automotive Manufacturers of the Philippines (CAMPI) received a special recognition for the group's continuous participation in the central bank's monetary policy consultations
The Chamber of Automotive Manufacturers of the Philippines (CAMPI) received a special recognition for the group's continuous participation in the central bank's monetary policy consultations.This means CAMPI provides economic and trade indicators to the central bank, which
The Philippine car industry continued to post month-on-month growth in sales as access to financing improved and remittances rose.
The Philippine car industry continued to post month-on-month growth in sales as access to financing improved and remittances rose.Data from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) showed the industry sold 10,909 units in June,
The government remains hopeful the automotive industry will end the year with a positive note but actual sales since the start of the year give no indication a five-percent growth forecast initially set by the Trade and Industry department will be
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Loans tapped for auto purchases grew in the first quarter with more accessible financing schemes offered to car buyers. Data from the Bangko Sentral ng Pilipinas showed that car loans extended by banks stood at P81.8 billion, four percent higher than
