Stronger auto industry to save PH $17B in 5 yrs

Oct 17, 2014 9:42 pm

The Philippines can save an estimated $16.8 billion or P757.8 billion in foreign exchange over a five-year period if it no longer imports completely built-up (CBU) units and instead produces vehicles locally.

This is the goal of the auto industry roadmap which is undergoing discussion and fine-tuning between the government and industry participants.

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