Isuzu Philippines Corporation (IPC) celebrated its 25 years of successful operations in the country and vowed to realign its business processes into a new perspective focusing on environment, social and government aspects.
Marking the company’s 25th year in the Philippines, IPC President Murakami
Published May 10, 2021, 5:30 AM
The domestic automotive industry is projected to recover in the fourth quarter of 2021 and pick up momentum well into 2022, according to investments and banking executives.
House of Investments (HI) Senior Vice-President and Car Business Operations head Johnny Fetalvero said several factors will work in favor of improved auto sales. These include the speed of the Coronavirus 2019 (Covid19) vaccination roll-out, reinvigorated cash remittances, steady lifting of restrictions, and election spending.
In turn, increased economic activities and consumer spending would sustain the momentum the following year.
Fetalvero explained that the auto purchases may have shifted to low gear with the record levels of active virus cases in March this year, and the subsequent reimposition of the expanded community quarantine (ECQ).