COVID has affected supply chains
The automotive industry's sales situation during the pandemic is more complicated than it looks. For example, a drop in sales isn't as simple as uncertain buyers or less spending power. You have supply chains to take into account, too, and
Times have changed
Buying cars isn't what it used to be. No, we aren't just referring to all the health and safety protocols in place, or how brands are now shifting attention to virtual showrooms. Even applying for car loans has changed-and
One country sold zero cars in a month
The Philippine auto industry wasn't the only one to take a major hit in Southeast Asia due to COVID-19. In fact, according to data collected by the ASEAN Automotive Federation from January to October 2020, car sales in the region
Move over, Bill Gates
Well, that didn't take long. Elon Musk has surpassed Microsoft founder Bill Gates to become the world's second-richest individual less than a week after he claimed third place from Facebook's Mark Zuckerberg.According to a report by Bloomberg,
Bill Gates better watch out
Elon Musk's pretty hit or miss when it comes to his conduct on Twitter. In 2018, for example, the Tesla boss caused quite a ruckus with one single tweet that led to millions of dollars in fines from the US Securities
The local auto industry’s recovery continues
By the end of the third quarter of 2020, data showed that the local automotive industry was already seeing some improvements in terms of sales. Now, a month into the last quarter of the year, it seems that the industry's recovery
Did you buy a car this year?
The numbers are in, and so far, things haven't been good as far as local car sales go. But there seems to be light at the end of the tunnel.According to data provided by the Chamber of Automotive Manufacturers of
Not a good look for the industry
The local automotive industry is off to a rough start for 2020.According to figures collected by the Association of Vehicle Importers and Distributors (AVID), sales across all segments-passenger cars, light commercial vehicles (LCV), and commercial vehicles-are down in January
“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
“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
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
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
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
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