4 Car Firms Mull New Investments
Department of Trade and Industry Secretary Gregory L. Domingo reported that four car firms have expressed interest to pour in new investments even as he insisted for a 40,000 unit per model production level for a car manufacturer to be able to enjoy the government tax incentives that will be provided under the new automotive industry roadmap, which seeks to transform the Philippines as an automotive manufacturing hub in ASEAN.
Source: Manila Bulletin