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PHOTO FROM TOYOTA MOTOR PHILIPPINES CORP.
PHOTO FROM TOYOTA MOTOR PHILIPPINES CORP.
PHOTO FROM TOYOTA MOTOR PHILIPPINES CORP.
PHOTO FROM TOYOTA MOTOR PHILIPPINES CORP.
PHOTO FROM TOYOTA MOTOR PHILIPPINES CORP.
ILLUSTRATION BY SHERYL C. ALEGRE
Toyota gives the country’s best-selling sedan its sportiest groove
AS THE PERENNIAL automotive leader in the country, you could say that whatever Toyota does, and its underlying ramifications, will be big. Still, it’s not possible to overprocess last week’s launch of the Toyota Vios GR-S variant.
With the GR-S standing for Gazoo Racing Sport, this new variant more formally welcomes a new era for Toyota Motor Philippines Corp. (TMP).
BusinessWorld
January 18, 2021 | 12:03 am
By
Kap Maceda Aguila
THE PHILIPPINE auto industry finally puts a lid on a turbulent 2020 a year when it ended up selling 275,512 units based on reported totals from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), Association of Vehicle Importers and Distributors, Inc. (AVID), and Truck Manufacturers Association (TMA). This figure represents a hefty 40% decline from the 2019 total of 457,110 vehicles sold.
ILLUSTRATION BY: JOY D. DAGUN
CAMPI, TMA
CAMPI and TMA reported a joint sales total of 27,596 units last December growing 19.1% over the previous month’s 23,162. The December 2020 figure is 18.1% below the 33,715 units sold over the same period in 2019.
BusinessWorld
January 13, 2021 | 12:06 am
A CAR parts labor group is urging the government to introduce new incentives for automotive companies manufacturing locally to complement import safeguards designed to protect the local industry.
The Philippine Metalworkers Alliance (PMA), along with its associate Sentro ng mga Nagkakaisa at Progresibong Manggagawa, said that the import duties set this month “should only be the start.”
PMA had successfully petitioned the Trade department to slap duties on imported cars after it flagged a link between a recent surge in imports and a decline in local employment.
The labor group in a statement on Tuesday said that the government incentives program offering fiscal support to car companies that locally produce 200,000 units of high-volume car models for six years should be “earnestly implemented.”