Directlink Car Insurance Offers Bigger Discounts for Tsikot Members

Toyota Philippines to Launch Prius at P2.25M

Toyota Motors Philippines is finally launching its hot-selling Prius hybrid in the Philippines next week, but the ecologically-correct car could carry a price tag of around P2.25 million.

“Toyota wants to be the first to locally introduce hybrid, environment-friendly cars as alternative vehicles,” said Raymond Rodriguez, Toyota Motor’s first vice president for vehicle sales.

The third-generation, 1.8-liter Prius would be imported completely built from Japan and subject to a 30-percent tariff in addition to the excise tax and 12-percent value-added tax, Rodriguez said in explaining the hybrid’s higher price.

By contrast, Toyota’s most expensive sedan available locally, the 3.5-liter V6 version, retails for P2.005 million. Read the story »

CAMPI: Local Auto Sales Climb 4.6% in May

Auto sales went up by 4.6 percent to 10,450 units in May from 9,988 units a month ago level due to the relatively strong consumer confidence in the market, the Chamber of Automotive Manufacturers of the Philippines (CAMPI) reported yesterday.

“The increase in May sales continues to validate the relative confidence of consumers on the market where they continue to purchase vehicles for their needs whether for family personal or for business use,” Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) president Elizabeth H. Lee said yesterday.

“Key to sustained sales is the stable financing environment which allows buyers to take out loans to finance their purchases,” she added. Read the story »

Honda Showers Exclusive Promo Packages this June

Honda Cars Philippines, Inc. showers delightful and easy-to-own packages this rainy season.  Available until June 30, 2009, this exclusive mid-year promo allows buyers to drive home Civic, Accord and CR-V models through flexible financing schemes, discounts and accessories package options.

The multi-awarded Civic with 2008 year model is available with as much as Php 35,000 worth of savings for cash buyers.  Meanwhile, financing buyers can apply the Php 35,000 special promo offering on the interest rates to make monthly payments more affordable.  With 50% downpayment, monthly amortization becomes as reasonable as Php 8,786.

Honda CR-V 2.4 buyers are also in for a special treat.  CR-V buyers not only get to enjoy the pleasure of sophisticated styling and sedan-like riding comfort but also benefit easy-on-the-budget deals.  The CR-V 2.4 variant with 2008 year model comes with as much as Php 60,000 worth of savings for cash buyers or can be applied on the interest rates for financing buyers.  Monthly amortization is estimated to go as low as Php 15,663 with 50% downpayment. Read the story »

GM’s Woes To Have No Direct Impact on RP, Asean Units

The dramatically changing global landscape and economic conditions have created the urgent need, and the opportunity, for GM Corp. to reinvent both the car and the company. “All of our key stakeholders — US and global governments, taxpayers, unions, employees, retirees, suppliers, partners and dealers – are playing a vital role in our reinvention,” the company said in a statement.

“Building on the substantial progress we have already made, GM’s United States operations recently made important announcements about the progress of their efforts to become a winning company for the future. The announcements apply only to our US operations, but we want to summarize them and explain what they mean for our business outside of the US,” the company said.

GM Corp. has reached agreements with its main labor union (the United Auto Workers) and the US Treasury that will launch a new leaner, stronger ‘New GM’ positioned for a profitable, self-sustaining and competitive future. Read the story »

San Sebastian College of Law Sponsors Transformers2 Movie Screening

Cars: mankind’s coolest inventions. But you know what’s cooler?

Cars transforming to robots locked in blazing battle scenes, gunfights and explosive special effects!

The San Sebastian College of Law invites everyone, especially car enthusiasts out there,   to a block screening of Michael Bay’s Transformers 2: Revenge of The Fallen, this June 24, 2009 7:30PM at Cinema 4, SM Manila with a Pre-Show to be held on the same day at 5-7PM. Organized by the San Sebastian College of Law Centralized Bar Operations and co-presented by Wenson Industries Inc., and with the help of our other sponsors, the block screening of this year’s most awaited sequel aims to support our bar reviewees as they again engage the turbulent Bar Season -  but who says charitable can’t be cool? Read the story »

Toyota Holds 5th Media Road Trek

Toyota Motor Philippines Corp. (TMP) held its fifth Media Roadtrek last May 21-23, 2009 throughout western Negros Island. Through visiting various locations around the country and getting closer nature’s wonders, the annual event aims to promote environmental awareness, local tourism, and sustainable mobility. Since its first run in 2005, the Roadtrek has seen various regions across the country including Panay Island, Davao, Cagayan de Oro, Cebu, Dumaguete, Rizal, and Palawan.

The Toyota Roadtrek’s fifth run this year included 24 media participants who experienced a comprehensive test drive of the locally-produced and Completely Knocked Down (CKD) Innova and Vios. Read the story »

More Philippine Automotive News

• Honda Philippines Launches Civic 2009
• Mitsubishi Motors Philippines Registers Impressive 32% Growth in 1Q 2009
• Tsikot Autofest 2009 Philippine R/C Drifters Video
• Tsikot Autofest 2009 Team Dorifto Video
• Tsikot Autofest 2009 Bikini Show and Car Wash Video
• Cebu Auto Show Blazes New Trail
• Isuzu Philippines Unveils New 2009 D-MAX Variants
• CAMPI: Philippine Auto Sales ‘Better Than Other Markets’
• Tsikot Autofest 2009 Features Car Bazaar, Drift Fest, DBS Loud Match and More
• Honda City and Civic Sales Seal Honda’s 1Q Passenger Car Leadership