President Rody Duterte leads the launching of the Philippine manufactured Mitsubishi Mirage G4 for the Comprehensive Automotive Resurgence Strategy (CARS) Program in a ceremony at the Rizal Hall of Malacañan Palace on February 27, 2017.
The CARS Program is ‘being implemented in order to attract new investments, stimulate demand and effectively implement industry regulations that will revitalize the Philippine automotive industry, and develop the country as a regional automotive manufacturing hub.’ It aims to seize market opportunities within the Association of Southeast Asian Nations (ASEAN) with the opening of the ASEAN Economic Community and deepen the country’s participation in the regional supply chain.
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