Hyundai Asia Resources Inc. (HARI) expects to double its market share by 2016 once tariffs under the Asean-Korea Free Trade Agreement falls to five percent
Honda Cars Philippines Inc. (HCPI) expects sales to recover this year as the Japanese manufacturer’s factory in Bangkok resumed operations to supply the Philippine market by June.
Sales of Hyundai Asia Resources Inc. (HARI) surged 44 percent in the first quarter of the year.
The Philippine importer of BMW said sales last year was robust despite economic uncertainties and the supply disruptions endured by the region’s automotive industry.
Car sales fell by a tenth in the first quarter of the year because of the supply shortage caused by the massive flood in Bangkok, according to the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi).
US auto giant General Motors said Thursday that its China sales set a record for March, despite an overall slowdown in the world’s biggest car market.
Japanese automobile sales soared in March, data showed Monday, a year after domestic demand plummeted in the wake of the country’s quake-tsunami disaster.
Honda Cars Philippines Inc. (HCPI) on Friday announced a voluntary safety recall of Honda CR-V models 2002 to 2004 to fix a headlight switch malfunction.
German luxury carmaker BMW said on Monday it was recalling some 1.3 million cars worldwide due to battery problems that could in extreme cases result in a fire.
The increase in the prices of basic commodities would slow the recovery of the local automotive industry this year, Metropolitan Bank and Trust Co. said.