Mitsubishi Philippines Targets 20% Share of RP Auto Market

Mitsubishi Motor Philippines Corp. (MMPC) is gunning for 20 percent market share in 2010 from the current 18 percent to cement its position as the country’s strong second biggest automotive player.

MMC executive vice-president Taizo Pat Furuhashi told Business Bulletin that they are eyeing to get 20 percent of the 132,000 auto sales target of…

Korean Cars Fast Becoming a Force in Philippine Market

Korean vehicle manufacturers are fast making a dent in the market currently dominated by Japanese brands.

Kia and the relatively newer entrant Hyundai have in fact been aggressively expanding, and their sales are growing despite the slump being experienced by the market.

Both brands still maintain separate businesses in the Philippines despite the fact that they have common ownership under the…