Ford Philippines Car Exports Up by 7% in First Quarter 2011

Ford Philippines yesterday reported that exports of locally assembled cars rose 7 percent in the first quarter of the year.

Exports of Ford Focus, Ford Escape and Mazda 3 during the period went up to 1,816 units from 1,704 units in the same period in 2010.

The growth rate for the period is slightly slower than the 35 percent growth…

Ford Philippines Asks Government to Relax Rules on Export Credits

Ford Motor Philippines has asked the government to relax the rules on export credits as the American automobile firm grapples with the worldwide crisis which has plagued the industry since last year.

In an interview, Board of Investments (BOI) managing head Elmer C. Hernandez said Ford has asked the government if it can suspend the rule…