Toyota cites need for vehicle mix flexibilityIn a statement, TMP said it supports the Philippine government’s goal of advancing the local automotive manufacturing industry, while promoting economic and environmental sustainability. As government drops race programMANILA, Philippines — Toyota Motor Philippines Corp. (TMP) has expressed support for the government’s overall push for local vehicle manufacturing, but cited the need for vehicle model flexibility to ensure program success. In a statement, TMP said it supports the Philippine government’s goal of advancing the local automotive manufacturing industry, while promoting economic and environmental sustainability. However, TMP emphasized that vehicle mix flexibility would be key to the success of the government’s automotive manufacturing program. It cited the success of the six-year implementation of the CARS program, which provided incentives to participants in exchange for vehicle manufacturing investments.

Source: Philippine Star April 11, 2026 16:14 UTC