Despite all the troubles that the PH auto industry experienced lately, Ford Motor Company Philippines (FMCP), the export arm of Ford Group Philippines, has been able to increase exports this first quarter.
It was reported that, same period last year, FMCP was able to export 1,074 completely built up (CBU) cars. However, this period, there were 1,816 CBUs sent out–showing a 7 percent increase from same time last year.
The Board of Investments managing head, Cristino L. Panlilio is asking for more inputs from Ford Philippines so that he can draft the implementing rules and regulations of the new Motor Vehicle Development Program.
“Ford Philippines is trying to convince its headquarters to give them not just the existing model to continue assembly here but new model like a mini sports utility vehicle or an SUV pick-up model,” Panlilio said.
“They are eyeing to get one new model where the Philippines will become a production hub for exports to ASEAN,” he said.
For the Philippines Auto Industry’s sake, we hope it goes that way.