The Department of Trade and Industry (DTI) is hoping that Mitsubishi Motors Philippines Corp. (MMPC) would consider the local production of its multi-purpose vehicle (MPV) model.
THE Department of Trade and Industry is hoping that Mitsubishi Motors Philippines Corp. would consider the local production of its multi-purpose vehicle model.
“Right now, it is being made in Indonesia,” Ms. Angara-Mathay told reporters in mixed English and Filipino during a recent virtual briefing. “That is really contingent [on] the extension of our program,” she said. “The Comprehensive Automotive Resurgence Strategy program, is time-bound, performance-bound. We have to meet a certain volume of units before you get any subsidy. We had the pandemic. They are asking for an extension.”
As part of the recent visit of President Ferdinand R. Marcos, Jr. to Japan, the Philippines previously secured a letter of intent from MMPC’s parent firm, Mitsubishi Motors Corp., to renew target production commitments under the CARS program and expand its car manufacturing activities in the Philippines with the addition of another locally assembled vehicle model.
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