Toyota and Mitsubishi risk missing out on Philippine auto perk

$180m tax breaks in jeopardy as pandemic disrupts output targets

The coronavirus lockdown in the Philippines has cast a shadow over Toyota's efforts to produce enough vehicles to qualify for $180 million in tax savings. (Photo courtesy of Toyota)

JUN ENDO, Nikkei staff writerJuly 9, 2020 11:03 JST | Philippines

MANILA -- The coronavirus pandemic has left two Japanese automakers in danger of not qualifying for a Philippine government program that rewards manufacturers for meeting production minimums.

Toyota and Mitsubishi risk missing out on Philippine auto perk

Read Next

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Toyota and Mitsubishi risk missing out on Philippine auto perk

Read Next

Carmakers in Southeast Asia are reluctant to hit the accelerator

Southeast Asian auto sales sink 40% for largest drop in a decade

Southeast Asia's auto plants limp along at 30% of capacity

Honda to halt car production in the Philippines

Japanese automakers halve global output as pandemic rages

Mitsubishi Motors looks to cut jobs in Thailand

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Celebrate our next chapter Free access for everyone - Sep. 30

Celebrate our next chapter
Free access for everyone - Sep. 30