Mitsubishi Motors Philippines Corporation (MMPC), the second largest participant in the incentive-driven Comprehensive Automotive Resurgence Strategy (CARS) Program, vowed to remain a responsible partner in the Philippine automotive industry.
The Japanese-owned car maker issued this statement Tuesday, Jan. 20, following the assurance by the government to pay the arrearages it owed to CARS Program participants with verified claims of more than PHP4 billion in fiscal incentives. The CARS Program budget was among those vetoed by President Marcos Jr. under the 2025 General Appropriations Act. Government economic agencies, however, were quick to resolve the issue by reinstating the fund from savings under the 2025 national budget.
MMPC, which produces the Mirage and G4 car models under the CARS Program, expressed its sincere gratitude to the Philippine government for securing funding for the incentives. “This demonstrates clear commitment to the local automotive industry and reinforces confidence in the sector’s stability and long-term prospects,” the MMPC statement read.
The company cited Finance Secretary Frederick Go for leading this initiative and to the Department of Budget and Management, Department of Finance and the Department of Trade and Industry and other government agencies for their coordination in ensuring the program’s commitments are fulfilled.
“MMPC remains dedicated to delivering quality vehicles to our valued customers and stakeholders. We will continue to maintain a responsible presence in the Philippines, supporting communities, contributing to economic growth, and upholding our role in the country’s long-term development,” MMPC concluded.
