The question I have in mind here is: Do we really have to build our own Philippine Car? For What? For our own "national" ego? This country has already missed the boat, due to greedy/selfish leaders, poor governance and a damaged culture which was never rectified....

With the country's wealth held by a few people or families (caciques), and the central tendency of the rich to be "risk averse", probably a handful of them could be considered industrialists who would invest their money on manufacturing technologies. They would rather start with joint-ventures with established industry players in the world (to mitigate risks). Somehow due to some of the situations I have mentioned above, we never got to spin-off to build our own national industry.