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The scheduled toll adjustment for the Subic Clark-Tarlac Expressway (SCTEX) this month has yet to push through. This as the Toll Regulatory Board (TRB) has received a Motion for Reconsideration (MR) when the 19-percent toll hike was approved. TRB consultant Alberto Suansing told CARMUDI PHILIPPINES that the MR was received …

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We earlier reported that BPI Family Savings Bank (BFSB), the country’s largest thrift bank which is owned by the Ayala Corporation, will be the bank partner for the ninth straight year of the Manila International Auto Show, which will take place from April 4 to 7, 2019, at the World …

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Kia Philippines

The Kia brand was recently relaunched, with Kia Philippines now under the banner of AC Automotive, which itself falls under the Ayala Corporation’s AC Industrials. With Kia’s local relaunch, the distributor is eager to reintroduce itself to the public, and to do that, it is holding an exhibit of its …

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Suzuki Jimny PIMS 2018

The year 2018 was a very challenging yet colorful year for the Philippine automotive industry. The movements, actions and reactions from both the private sector and the government were not the typical bumps and bruises of the business: it is more of bobbing and weaving through the kicks and punches …

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AC Automotive, Ayala Corporation‘s automobile business company operating under AC Industrials (ACI), has announced that it will officially relaunch the Kia brand in the Philippines on January 30, 2019. Kia Philippines is led by Arthur Tan as Chairman and CEO and Manny Aligada as President. With the acquisition of Kia, …

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Ayala Corporation has added another brand in its expanding automotive portfolio by becoming a distributor for Maxus vehicles. This is its fifth dealership brand for AC Motors, which is a subsidiary of Ayala’s AC Industrials Technology Holdings. “The addition of Maxus will strengthen and diversify AC Industrials’ portfolio of product offerings in …

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Kia

Back in May, it was reported that the Ayala Group will take over the distributorship of the Kia brand of vehicles in the Philippines from current distributor Columbian Autocar Corporation (CAC) by acquiring a 65-percent stake of it, with the remaining 35 percent to remain with CAC founder and Chairman …

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