“Toyota Motor Philippines Corporation (TMP) welcomes the Philippine government’s clarification on its fiscal means and reaffirmed commitment to honor its obligations under the Comprehensive Automotive Resurgence Strategy (CARS) Program.

TMP sincerely appreciates the government’s decisive action to reassure investors and stakeholders who have long supported the Philippine automotive manufacturing industry. This move reinforces confidence in the country as a sustainable base for automotive manufacturing.

We remain committed to working closely with the government in revitalizing the Philippine automotive industry as a driver of nation-building.”

“The Philippine Parts Makers Association (PPMA) welcomes and sincerely appreciates the government’s announcement that it has finalized a funding solution for the Comprehensive Automotive Resurgence Strategy (CARS) program. We recognize this as an important step in sustaining investor confidence and reaffirming the government’s commitment to revitalizing domestic automotive manufacturing.

At the same time, PPMA respectfully reiterates the industry’s strong hope that the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program will be implemented as soon as possible. We underscore that only P 125 million is needed to initiate and operationalize RACE, an amount that can unlock significant benefits for the broader industry, especially for local automotive parts manufacturers who are key contributors to inclusive industrial growth.

PPMA believes RACE is the natural complement to CARS, as it strengthens the domestic supply chain by supporting investments in tooling, technology upgrades, quality and safety certifications, productivity improvements, and local content expansion. These are critical interventions that enable more Filipino parts makers to participate meaningfully in local vehicle production and compete within the ASEAN region.”

Finally, the Chamber of Automotive Manufacturers of the Philippines (CAMPI) had this to say:

The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) welcomes the announcement of a funding solution for the CARS program incentives. We thank the concerned agencies: the Department of Trade and Industry, Board of Investments, Department of Budget and Management, and the Department of Finance, for its prompt action to resolve the issue on CARS incentive funding.

This gives renewed confidence in our industrial policy and puts the automotive sector back on track for long-term investment planning. CAMPI and its members look forward to the implementation of the RACE program, which will be instrumental in industry recovery and growth.

CAMPI will continue to work with the Government and our auto-supporting industries in coming up with programs and policies to sustain automotive manufacturing in the Philippines.