source:
http://www.tmcnet.com/usubmit/2007/05/22/2653298.htm
[May 22, 2007]
Pinoy-made, anyone? (Auto parts firms, car maker push Philippine
(Business World (Philippines) Via Thomson Dialog NewsEdge) An association of local parts manufacturers, Motor Vehicle Parts Manufacturers Association of the Philippines (MVPMAP) and a local car assembler, Francisco Motors Corp. plan to unveil prototypes of the proposed Philippine Utility Vehicle (PhUV) next month.
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"We are planning to show our PhUV prototype to the public and investors by the second week of June just in time for the opening of the next congress," Ferdinand Raquelsantos, director of MVPMAP told BusinessWorld.
"There is a need to revive the country's car industry by launching the car before start of the sessions, we hope to receive government incentives from them," he added.
MVPMAP Director for missions and exhibits Rommel Juan said that the exhibit would hopefully attract investors and car manufacturers since the association has not yet sealed a deal with any manufacturer.
Francisco Motors Corp. President Rosauro Francisco, meanwhile, said the local car maker also plans to launch another version of the PhUV next month.
"I have had my model even before the Philippine car program was revived, whatever the government will help, we'll be glad to receive," Mr. Francisco said.
Asked if this means competing models groups, MVPMAP's Mr. Raquelsantos said they are looking forward to working with Francisco Motors.
"We could be a supplier of the car parts," he said.
Mr. Francisco, meanwhile, said his firm is "open" to possibilities. "We see how the competition will be or if there is even any," he added.
Francisco Motors' version of the PhUV is a multipurpose vehicle based on the Toyota Tamaraw and Mitsubishi L300. It will be powered by a 1.8- liter diesel engine. MVPMAP was more circumspect about its model, only that it would be an Asian Utility Vehicle (AUV) but a bit "rugged." Prices, they said, will be around P350,000.
To gather support for the PhUV, the MVPMAP signed a memorandum of understanding last May 1 with the Philippine Jeepney Operators and Drivers Alliance Foundation (PJODAF).
Based on agreement, the PJODAF will provide inputs in marketing, financing, product specifications, customer support and feedback.
The MVPMAP, meanwhile, will supply the technical know-how, skills, equipment, manpower and mass production capabilities for all the parts and components needed.
Mr. Raquelsantos claimed the PhUV project is "highly" feasible.
"We have all the concerned sectors working together, so there is no stopping us," the MVPMAP exec claimed.
"We are not going to go against the local car manufacturers like Toyota and Honda ... we are going to target those who need cars for cargo business and daily transport business," he added.
The MVPMAP admitted it would be impossible to make the PhUV with 100% local content and said it is in talks with Japanese car manufacturers and Chinese auto parts makers.
"We'll go with 60% local content," Mr. Raquelsantos said.
Francisco Motors" Mr. Francisco, for his part, said the firm is planning to source its engines from India or China.
Copyright 2007 Business World Publishing Corporation, Source: The Financial Times Limited