The legacy and the spirit of Filipino ingenuity will always prevail.
FMC really stopped operations more than a decade ago because of the unfair practices and collaboration of Ford, Mazda and some of our very own government agencies.
But the other corporation members, subsidiaries and affiliates of the Francisco Group of Companies still operates until now.
The old and rusted car manufacturing equipment worth Billions of Pesos back in the mid 1990's that we bought from Mazda to enhance the production of Mazda in the Philippines were really sold recently to the junk dealers at junk prices because that's what they really are ...JUNK.
As we were never able to use them even once because after they sold us the equipments, they immediately breached our contracts and stopped supplying us with components. Can you imagine billions worth of equipment that were unused and unmaintained for a decade...?
We can't even use them for other brands other than Mazda because that would breach intellectual property agreements. If we do that, we would be no different with Ford and Mazda, ...frauds.
Dr. Lucio Tan (owner of Allied Bank) is a patriot and a philanthropist. He will never let down a Filipino giant who competes and defeats multinationals.
There are just other ways to do things only if you think out of the box and set aside your pride for the greater good.
Now, in cooperation with another patriot and philanthropist in the name of Mr. Allen Roxas of State Investment Trust Inc., State Properties, State Electronics, State Power and State
[COLOR=blue ! important][COLOR=blue ! important]Motor [COLOR=blue ! important]Corporation[/COLOR][/COLOR][/COLOR], Francisco will continue to produce All Brand New FMC Passenger Jeepneys and later on, a new generation Anfra and many more Filipino brands to compete globally.
All of these would be based in the FMC/SMC Manufacturing Plant in Talon Las Pinas.
See
http://elmerfrancisco.com for more details.