Mitsubishi to work with government on CARS perks

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January 12, 2026 | 12:00am

MANILA, Philippines — Mitsubishi Motors Philippines Corp. (MMPC) has vowed to continue working with the government to ensure the prompt release of incentives under the Comprehensive Automotive Resurgence Strategy (CARS) program following President Marcos’ move to veto the program’s funding.

“MMPC remains committed to working closely with government agencies to ensure the timely processing and release of the claims,” the automotive firm said in a statement.

MMPC was among the participants of the CARS program aimed at encouraging local vehicle manufacturing.

Under the CARS program, participating firms have to produce 200,000 units of their enrolled vehicle model within a period of six years.

In exchange, these firms would be receiving fiscal and non-fiscal support from the government.

Last week, Marcos approved the 2026 budget, but vetoed P92.5 billion in unprogrammed appropriations, including the P4.32 billion funding for the CARS program.

MMPC said it respects Marcos’ decision to veto the unprogrammed appropriations, citing the need to promote fiscal discipline and responsible governance.

However, MMPC also underscored the importance of a predictable and transparent environment for investors.

The firm said it would continue “to advocate for clear, predictable and transparent processes that support the integrity of government programs and reinforce investor confidence.”

For 60 years, MMPC has been a partner in the Philippines’ push for national development by supporting domestic production and enhancing industry competitiveness.

In particular, MMPC has made investments to help strengthen local manufacturing, expand production capacity and increase the localization of automotive parts in line with the CARS program’s goals.

“MMPC remains dedicated to the long-term competitiveness and industrialization of the Philippine automotive sector — supporting local manufacturing, protecting jobs and contributing to sustainable economic growth,” the firm said.

Earlier, Board of Investments managing head and Trade Undersecretary Ceferino Rodolfo said that the agency is working with the Department of Budget and Management and other government agencies to ensure the payment of the CARS incentives.