Isuzu warns it may follow Ford's lead, shut down PH assembly business

[Bogeyman]

MANILA - Isuzu Philippines Corporation on Friday served notice that it may shut down its local assembly operations amid high costs.

In a briefing, the Japanese carmaker's executives said the company will have to stop production of the DMax pickup truck next year, as local assembly costs $2,000 more than in Thailand.

The company said it would go the way of Ford Motor Philippines, which earlier announced it was shutting down its assembly operations.

Isuzu used to be among the top three motor vehicle manufacturers in the Philippines, particularly when its Asian utility vehicle lineup had enjoyed tax perks. Since the incentive ended, the company's share of the market has gone down.

Established in the 1950s, the Philippine unit of Isuzu made its mark through its lineup of trucks. On August 7, 1995, Isuzu Philippines Corporation was born as a joint venture among two Japanese firms - Isuzu Motors Limited and Mitsubishi Corporation - and two Filipino companies - Ayala Corporation and Rizal Commercial Banking Corporation.

Isuzu Philippines has 13 hectares of industrial land at the Laguna Technopark in Biñan, Laguna, where the company has a plant that could produce 15,000 units a year.

In the first eight months of this year, the company enjoyed a 21 percent growth, selling 1,022 units of its N-Series of light-duty trucks for a 69 percent share of that segment of the local market.

Isuzu warns it may follow Ford's lead, shut down PH assembly business - InterAksyon.com

[timrev]

naku masamang balita yan...

pero yun line up nila napag iwanan na...engine nila di parin upgraded...iVan nila flop din...gawa sila diesel engine sedan magiging mabenta sila

[pop3corn]

They should close it down even Honda and Toyota. In the world of globalization, talo ang industrialization. We're better off at importing even some basic foods

Sent from my iPhone using Forum Runner

[Monseratto]

Sinong maysabi na atat mga hapon maglipat dito sa 'pinas from China? Mura daw kasi?

[Tj_abs]

If all car manufacturer will transfer to china because of cheap labor, maybe malagkakroon ng problema sa intellectual property rights. For sure my cloning dyan..

[Manilablock]

OFW na lang ang export product ng pinas, at ung mga consumer items imported

[jresperanza]

mahal ang kuryente sa pilipinas bakit ba tayo nag bubulag bulagan???

2012 na! time for a new means/source of electricity

[renzo_d10]

Kung iimport yung D-Max units from Thailand, all-new D-Max na ba makukuha natin or same old design pa rin?

Iba na kasi D-Max sa Thailand diba?

[wowiesy]

Kung iimport yung D-Max units from Thailand, all-new D-Max na ba makukuha natin or same old design pa rin?

Iba na kasi D-Max sa Thailand diba?

and to that.. bababa ba ang price? if it costs 2,000 USD more to assemble here than to import.. pag nagsara ba sila will they bring down the price by around USD 2,000 ? (100,000 din yun sayang din)..

[A121]

mahal ang kuryente sa pilipinas bakit ba tayo nag bubulag bulagan???

2012 na! time for a new means/source of electricity

Malaki utang ng NAPOCOR. Sorry na lang tayo.