Tag: CARS
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CARS incentives finally shift into gear
Government incentives under the Comprehensive Automotive Resurgence Strategy (CARS) Program could finally begin flowing this year, with funding initially sourced from declared savings of the Department of Public Works and Highways (DPWH).
Gov’t secures funds, calms carmakers’ nerves
The government has moved to steady investor confidence in the automotive sector, assuring participants in the Comprehensive Automotive Resurgence Strategy (CARS) program that long-promised incentives will be honored despite last year’s budget setback.
Metalworkers warn auto policy backslide risks jobs
The country’s metalworkers are sounding the alarm over what they see as a quiet but consequential retreat from industrial policy.
Mitsubishi seeks to fast-track CARS claims
Mitsubishi Motors Philippines Corp. (MMPC) said it will work closely with government agencies to ensure the swift processing and release of its incentives under the Comprehensive Automotive Resurgence Strategy (CARS) Program, following President Ferdinand Marcos Jr.’s veto of the program’s proposed 2026 budget allocation.
Auto parts makers sound alarm bells after budget veto
Philippine auto parts manufacturers are warning that the veto of funding for the Comprehensive Automotive Resurgence Strategy (CARS) could accelerate the decline of the country’s already fragile automotive manufacturing sector.
