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The Public Transport Modernization Program (PTMP), formerly and still commonly referred to as the Public Utility Vehicle Modernization Program (PUVMP), is a program made by the Department of Transportation (DOTr) of the Philippines in 2017, with the goal of making the country's public transportation system efficient and environmentally friendly by 2020.
Honda Cars Philippines Inc. (HCPI) was established in October 1990. Under the Philippine government's Car Development Program, production operations commenced in February 1992, in their Santa Rosa, Laguna plant. To date, HCPI is a team of over 600 associates, working with 38 dealers nationwide and about 60 parts and materials suppliers.
Introductions in other markets started since 2018, and the vehicle is mainly sold in emerging countries in Southeast Asia along with several Latin American, African and Middle Eastern markets. It was the fourth best-selling Mitsubishi Motors model globally in 2018 and 2019, [11] [12] and became its third best-selling model in 2021. [13]
Kelley Blue Book reports new car prices rose 5.9% versus a year ago, which has moderated somewhat, but the market share for luxury vehicles hit a new record in January (19.6% of the overall market).
A report from UBS estimates that global car production will exceed sales by 6% this year, leaving an excess of 5 million vehicles that will require price cuts to get sold off of lots, Yahoo ...
Tesla said on Thursday that it sold about 1.79 million cars in 2024. It's the automaker's first year-over-year decline. Shares fell by about 6% in early trading following the release.
The Dashing was launched in the Philippines on 15 March 2023 as part of Jetour's entry to the market. At launch, it is available in a sole variant powered by a 1.5-litre turbocharged petrol engine. [8] The Symphony variant was added in February 2024 equipped with a bespoke audio system from American brand JL Audio. [9]
In September 2024, the facelifted Carnival debuted in the Philippines with the same trim levels and engine option from the pre-facelift model, but both variants comes with a 7-seater configuration. [85] The Turbo HEV variant was later added in November 2024, as the first hybrid electric vehicle from Kia marketed in the Philippines. [86]