CAMPI airs concern on CARS, RACE funding veto

MANILA: The Chamber of Automotive Manufacturers of the Philippines, Incorporated (CAMPI) aired its concern on the non-inclusion of the intended funding for the financial incentive commitments granted under the Comprehensive Automotive Resurgence Strategy (CARS) and Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) programs.

In a statement, the local vehicle distributors group said that the two automotive-industry-related programs — listed as line items under unprogrammed appropriations — are “fundamental programs that contribute to the overall industrial development of the country.”

Per CAMPI, participants should receive their incentives under CARS program that are based on their actual performance that has already boosted the economy while the RACE Program is an important transition to future industry development programs and should be implemented soon.

“We fully trust and support efforts of key government agencies in urgently resolving these important matters,” CAMPI — now under the leadership of Jose Maria Atienza (who is also the executive vice president of Toyota Motor Philippines) — added.

Earlier, Senate Finance Committee Chair Sherwin Gatchalian mentioned that Mitsubishi and Toyota were promised to be paid through tax incentives — which have not been given for the past four to five years.

Aside from that, the Philippine Parts Makers Association shared CAMPI’s sentiments — adding that the whole automotive ecosystem could be affected.

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CAMPI members 

Among the members of CAMPI are organizations that moves the Philippine auto industry. 

Included in the list of members are: 

• Toyota Motor Philippines
• Mitsubishi Motors Philippines Corporation
• Nissan Philippines
• Ford Motor Company Philippines Incorporated
• Suzuki Philippines Incorporated
• Isuzu Philippines Corporation
• Honda Cars Philippines Incorporated
• Hyundai Motor Philippines, Incorporated
• SAIC Motors Philippines Incorporated (Morris Garages distributor)
• KP Motors Corporation (Kia distributor)

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