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News and Events

Toyota Aims to Sell 3,500 New Vios Units a Month Despite Higher Prices and Taxes

The new Vios model starts at Php659K and goes up to Php1.1 million

Toyota unveiled its all-new Vios and said it plans to sell 3,500 units a month this yearDespite a slowing down of car sales in the first half of the year caused by new automobile excise taxes, Toyota is confident it can reach ...

by Paul John Caña  | July 21, 2018 08:00:00
News and Events

Waiting for More Affordable Mirage and Vios Units Under Govt’s CARS Program? Forget It If Senate’s TRAIN Version Prevails

Government economists estimate that retail prices of the two car models would rise by 4-7.8%, potentially cutting demand by 10-24%

When the Philippine government rolled out a Php27-billion six-year program to boost domestic car production called Comprehensive Automotive Resurgence Strategy (CARS) program in 2016, one of the promises made to the public was that it would eventually bring down retail prices of ...

by Entrepreneur Staff  | December 07, 2017 02:00:00
News and Events

Mitsubishi, Toyota to invest Php 7.5B in CARS program

Business expected to boom for local parts suppliers and related sectors

The government’s Comprehensive Automotive Resurgence Strategy (CARS) program will attract more investments and generate business for local parts suppliers, following the approval of Mitsubishi and Toyota, its two main participating car makers (PCMs), the Department of Trade and Industry announced.Mitsubishi Motors Corp. ...

by Elyssa Christine Lopez  | September 01, 2016 03:00:00