Southern Luzon continues to generate a lot of economic activities driven by the influx of investors for IT and industrial parks, shopping centers, condominium complexes, and mixed-use developments, among others. For example, Santa Rosa City in Laguna is host to several economic zones that generate employment. Among these are Laguna…
Mitsubishi Motors Philippines Corp. (MMPC) is investing over half a billion pesos at the Greenfield Automotive Park (GAP) Special Economic Zone (SEZ) in Laguna to manufacture a van model for exports to ASEAN countries. Philippine Economic Zone Authority (PEZA) Director General Charito B. Plaza said
Mitsubishi Motors Philippines Corp. is spending P585 million more for the manufacture and export of right-hand drive L300 vehicles, according to the Philippine Economic Zone Authority.
Published April 5, 2021, 7:00 AM
CARS (Comprehensive Automotive Resurgence Program Participants) Program participants Mitsubishi Motors Philippines Corp. (MMPC) and Toyota Motor Philippines (TMP) are still behind in the production volume commitment of their enrolled models.
The Board of Investments (BOI), which administers the CARS Program, reported that as of December 2020, MMPC has produced a total of 143,000 units of Mirage and Mirage G4 while TMP has reached production volume of 128,000 units of Vios.
(Mitsubishi Motors FACEBOOK / MANILA BULLETIN)
The program, which IRR was issued on November 16, 2015, requires participants to produce 200,000 units of their enrolled models within a six-year period.
BOI Executive Director Ma. Corazon Dichosa-Halili said the CARS participants’ production data was reckoned in 2017. This means MMPC had produced 35,750 units annually while TMP had rolled out 32,000 units a year, on the average over the past four years.