5 months TMP sees rebound this year, eyes new hybrid model MB |Biz
By Bernie Cahiles-Magkilat The country’s largest car company Toyota Motor Philippines (TMP) sees a modest market recovery this year as inflation has stabilized boosting consumer confidence again. Satoru Suzuki TMP President Saturo Suzuki said that industry sales could start to recover by at least 5 percent this year with improved sales starting the election month of May. “We see some signs of recovery because of election in May, inflation has stabilized so market confidence has improved,” he said. But since the industry struggled in the first quarter of the year, growth in sales is expected to be minimal at 5 ... more