Toyota officialy in PH cars program

THE Board of Investments (BOI) recently handed over to Toyota Motor Philippines Corporation (TMP) - gence Strategy ( ) Program with the full-model change Vios as the participating vehicle model. With the provisions of Executive Order 182, the 6-year program offers incentives to promote local automotive vehicle and parts manufacturing and increase the industry’s contributions to the Philippine economy. Toyota, the country’s market leader, has committed to produce at least 230,000 units of its best-selling Vios, with greater locally-sourced parts, especially in terms of big body shell parts and large plastic parts.

With its wide dealer and supplier networks, Toyota’s business in the country is expected to generate more employment and technology transfer. In photo are (from left) Project Marissa Concepcion, PMO - ernor Henry Co, Department of Trade and Industry (DTI) undersecretary - Lopez awarding the Certificate of by its president Satoru Suzuki, vice chairman Alfred Ty, senior executive vice presidents Cristina Arevalo and

Meanwhile, construction of the Toyota dealership in Mabolo, Cebu City has started. The dealership will be near the Cebu Business Park and Ayala Center Mall, SM City Cebu, Asia IT Park, Cebu Country Club, and various residential condominiums.