automotive

Petron eyes more auto service facilities

Major oil firm Petron Corp. of billionaire Ramon Ang targets opening more facilities for automotive…

Volkswagen sets major job cuts, but no plant closure, to cut costs

HANOVER, GERMANY—Crisis-hit auto giant Volkswagen said Friday it planned to axe 35,000 jobs by 2030…

BDO bankrolls Mober purchase of EV trucks

BDO Unibank Inc. is bankrolling Mober’s acquisition of 60 new electric vehicle (EV) trucks, which…

Honda, Nissan mull over possible merger, sources say

TOKYO — Honda and Nissan are in talks to deepen ties, two people said on…

Ferrari will always make its cars in Italy, CEO says

NEW YORK — Ferrari will always make its luxury sports car in its hometown of…

Toyota to churn out 20,000 Tamaraw units

The local unit of automotive giant Toyota Motor plans to build around 20,000 units of…

PH remains heavily reliant on imported vehicles

Seven in every 10 automotive vehicles sold in the Philippines today are still imported, highlighting…

Vehicle sales grew 1.2% in Oct, slowest in ’24

Local sales of automotive vehicles grew at its slowest pace so far this year in…

Bank, auto units temper GT Capital profit dip

The banking and automotive units helped offset a decline in GT Capital Holdings Inc.’s nine-month…

Tesla in the Philippines: Cheaper model priced at P2.1M

The Elon Musk-led automotive maker Tesla Inc. marked its maiden entry into the Philippines with…