The Department of Transportation (DOTr) on Thursday said that the Port of Lucena will soon open its newly expanded Passenger Terminal Building (PTB) aimed at improving comfort, convenience, and efficiency for passengers and tourists.
The Philippines’ top automotive assemblers are aligning behind a phased, decade-long transition to electric mobility, backing the government’s goal of making electric vehicles account for 50 percent of the country’s vehicle fleet by 2040 under the Comprehensive Roadmap for the Electric Vehicle Industry.
Mitsubishi Motor Philippines Corp. (MMPC) is lining up a P7-billion investment to jumpstart hybrid vehicle manufacturing in the Philippines, moving the project into its development phase, a senior executive said.
The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPi) said the industry is unlikely to reach this year’s 500,000-unit sales target, as demand continues to soften.