AC Mobility is accelerating its electric vehicle ambitions by expanding far beyond car sales, positioning itself as an integrated mobility company that combines charging infrastructure, renewable energy, financing and fleet services to make EV ownership more practical for Filipino consumers.
Honda Motor Co. Ltd. said Thursday, March 11, it is scrapping three planned electric vehicle models for North America in a dramatic strategy reset that could saddle the Japanese automaker with losses of up to JPU2.5 trillion (around USD16–billion).
The Philippines is moving closer to becoming a hub for electric vehicle manufacturing, with high-level discussions underway for a major investment in the sector, Finance Secretary Frederick Go announced.
Range anxiety and steep upfront costs remain the biggest speed bumps to electric vehicle (EV) adoption among Philippine businesses, industry leaders said at the first B2B EV symposium hosted by VinFast Philippines last Friday, February 13, in Parañaque.
Electric vehicles are often framed as a clean break from the past. But for the Philippines, EVs will only thrive if the country first rebuilds what it has steadily lost: a strong automotive manufacturing base.
Fuel prices are poised for another sharp hike this Tuesday following a brief rollback last week, driven by escalating tensions in the Middle East and global supply constraints, a top industry official confirmed Sunday.
East West Banking Corp., led by the Gotianun family, has set the price range for its stock rights offering at P10.80 to P11.05 per share, with a par value of P10 each. The bank targets to raise around P9 billion through the offer, which will be listed on the Philippine Stock Exchange.
The Philippine Airlines (PAL) has updated its FurPAL program to let small cats travel alongside dogs inside the aircraft cabin on every domestic flight, giving Filipino pet owners more flexibility when planning trips.