Further Delays In Autos Policy Will Restrict Growth

Carmakers in the Philippines are still awaiting clarification on the latest version of the government's Motor Vehicle Development Plan (MVDP), which has prompted the president of Toyota Motor Philippines Corp (TMP) to voice concerns about the effects on the industry's growth potential. This is a view already put forward by BMI, (see 'Repeat Of Record Car Sales Threatened By Policy Uncertainty', January 11 2011) as we firmly believe a strong blueprint is needed to develop a successful auto industry in any

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