Toyota PH Upbeat for 2021; Lauds Possible Extension of CARS Program
Despite the lowering of 2020 sales projections across the automotive sector due to prolonged lockdowns and limitations in physical movements, TMP has reported several bright spots indicating industry resilience and showing promise of recovery.
“Even though the past year has been challenging, the market has shown incredible resilience and was able to achieve 242,000 in sales,” said TMP President Atsuhiro Okamoto. “That being said, I am pleased to announce that TMP was able to achieve 100,019-unit sales in 2020, with an expanded share of the market at 41.3 percent,” he added.
TMP Chairman Alfred Ty shared this optimism, citing efforts from the government and industry partners all contributing to improvements in market conditions and overall environment for both businesses and the consumers.
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There is a big issue brewing in the Philippine auto industry.
The DTI is legally empowered by Republic Act 8800 to protect Philippine-made products against similar or competing imported products via safeguard measures, and that is what they will do. For 200 days the DTI will require a PHP 70,000 safeguard bond for every passenger vehicle and PHP 110,000 for every light commercial vehicle imported from most of the major countries our market sources them from, with some exceptions depending on vehicle type and country of origin. The 200 days will be used to buy time for the concerned government agencies to investigate and meet about what to do in the long term.
SunStar
+ January 17, 2021 THE Department of Labor and Employment (DOLE) has expressed support to the imposition of safeguard duty on imported passenger and light vehicles to protect workers in the automotive industry.
“This is a significant measure to protect workers and improve the labor market condition in the industry battered not just by the pandemic, but also the influx of imported vehicles,” Labor Secretary Silvestre Bello III said.
Bello cited data from the Labor Force Survey that showed employment in the automotive sector declined from a high of 109,000 in 2016 to 93,000 in 2019. This is despite the growth of the automotive market driven by high domestic consumption.
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.”
Toyota Motor Corporation (TMC) Japan, which local subsidiary Toyota Motor Philippines (TMP) imports 39 completely built up (CBU) models, said the Philippines’ imposition of safeguard measures on imported CBU passenger cars and light commercial vehicles (LCVs) will not lead to increased investments i