Mitsubishi Motors Philippines Corporation (MMPC) held a groundbreaking ceremony for the construction of its P2 billion stamping shop facility in Laguna. The construction of the said facility is in line with MMPC’s participation in the Comprehensive Automotive Resurgence Strategy (CARS) program.
As a review, the Department of Trade and Industry’s Board of Investments had issued a certificate of registration to MMPC as an approved participant in the CARS program.
The CARS program intends to spur local vehicle manufacturing and to expand the country’s vehicle parts making capabilities. It aims to attract P27 billion worth of new investments, manufacture an additional 600,000 vehicle units, and contribute P300-billion or 1.7% of the country’s GDP (gross domestic product).
With that in mind, MMPC’s stamping shop facility is eyed to boost the local production of the Mirage and the Mirage G4 to around 60,000 units annually starting 2018.
MMPC added that the stamping shop facility would improve the company’s capacity to produce large vehicle body parts, which would bring down the costs of importing completely-knocked-down (CKD) parts.
The P2billion stamping shop facility is part of MMPC’s P4.3 billion investment for its participation in the CARS program. The company said that it would be fully operational in early 2018.
For more information about Mitsubishi and its vehicles, visit the AutoDeal Car Guide.
Get the best deal - Choose multiple dealerships to compare offers!
You can request quotations simultaneously from multiple Mitsubishi dealerships. Select your preferred dealers from the list below.
- Receive quotes from multiple dealers in minutes.
- Check vehicle and color availability.
- Choose the best deal for you.
Latest News
-
Hyundai Venue awarded “Best Value of 2021” in the U.S. / News
With an award win in the U.S, it’s not hard to see how the Hyundai Venue available locally could be a great hit in the making.
-
P741.4-billion allotted for multiple railway projects / News
From only 77 km in 2016, the railway system will be extended to 1,209 km by 2025.
-
Honda Philippines has sold more than 1,200 units of the City since its launch / News
With over 1,200 units sold, the sales figures reveal that the entry-level automatic has outsold the middle and top trim-level variants.
Popular Articles
-
Cheapest cars under P700,000 in the Philippines
May 20, 2020
-
Top 10 pickup trucks in the Philippines
Earl Lee · Dec 02, 2020
-
Car Maintenance checklist and guide – here’s everything you need to know
Earl Lee · Jan 12, 2021
-
Most fuel efficient family cars in the Philippines
Bryan Aaron Rivera · Nov 27, 2020
-
2021 Geely Okavango — Everything you need to know
Joey Deriquito · Nov 19, 2020
-
Family cars in the Philippines with the biggest trunks
Nov 14, 2018
-
Head to Head: Toyota Fortuner vs. Nissan Terra
Bryan Aaron Rivera · Dec 03, 2020
-
Why oil changes are important for your car
Earl Lee · Nov 10, 2020
-
2021 Kia Stonic — What you need to know about it
Joey Deriquito · Oct 16, 2020
-
Top 7 tips for buying a used car in the Philippines
Joey Deriquito · Nov 26, 2020