Government Funding Secures Mitsubishi’s Local Production

Mitsubishi Motors Philippines Praises Government for Securing CARS Incentive Funding, Reaffirming Stability and Long-Term Growth for the Nation’s Local Automotive Industry

MANILA, Philippines — Mitsubishi Motors Philippines Corporation (MMPC) has officially thanked the Philippine government for securing the necessary funding for the Comprehensive Automotive Resurgence Strategy (CARS) program. Despite a recent budget veto, the Department of Finance and other agencies identified FY 2025 savings to fulfill incentive commitments. This move stabilizes the local automotive sector, ensuring MMPC can continue its local manufacturing operations while contributing to the country’s economic growth and long-term industrial development.

– Diana Lyn A | Traffic Network PH

MMPC’S OFFICIAL STATEMENT ON CARS INCENTIVE FUNDING

OFFICIAL RELEASE: Mitsubishi Motors Philippines | PUBLISHER: ADVAI

Mitsubishi Motors Philippines Corporation (MMPC) expresses its sincere gratitude to the Philippine government for securing funding for the Comprehensive Automotive Resurgence Strategy (CARS) Program incentives. This demonstrates clear commitment to the local automotive industry and reinforces confidence in the sector’s stability and long-term prospects.

We are grateful to Finance Secretary Frederick Go for leading this initiative and to the Department of Budget and Management, Department of Finance and the Department of Trade and Industry and other government agencies for their coordination in ensuring the program’s commitments are fulfilled.

MMPC remains dedicated to delivering quality vehicles to our valued customers and stakeholders. We will continue to maintain a responsible presence in the Philippines, supporting communities, contributing to economic growth, and upholding our role in the country’s long-term development.