<\/p>\n
PRESIDENT Ferdinand R. Marcos Jr. has welcomed Mitsubishi Motors Corp.\u2019s (MMC) P7-billion investment plan in the Philippines in the next five years as this will create more jobs for Filipinos.<\/strong><\/p>\n <\/p>\n <\/p>\n MMC President and CEO Takao Kato paid a courtesy call to the President in Malaca\u00f1ang Thursday and discussed his company\u2019s investment plan for the country.<\/strong><\/p>\n <\/p>\n <\/p>\n Kato said MMC\u2019s expansion plan includes adding a new production model at its Mitsubishi Motors Philippines Corp. (MMPC) plant facility in Laguna.<\/strong><\/p>\n <\/p>\n <\/p>\n \u201cThe jobs that it will provide, that your investment will provide, are very important to us and certainly, vehicle manufacture is one of those,\u201d President Marcos said.<\/strong><\/p>\n <\/p>\n <\/p>\n The President said that MMC will be included in the government\u2019s Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) Program, a new proposed version of the Comprehensive Automotive Resurgence Strategy (CARS) Program. He hoped MMC\u2019s inclusion would help in its expansion plans.<\/strong><\/p>\n <\/p>\n <\/p>\n Kato said the Philippines is MMC\u2019s most important investment in Southeast Asia, citing its good and stable economy.<\/strong><\/p>\n <\/p>\n <\/p>\n \u201cIn the ASEAN, (the) Philippines is our number one market,\u201d Kato told the President.<\/strong><\/p>\n <\/p>\n <\/p>\n MMC is a multinational automobile manufacturer founded in April 1970, maintaining production facilities in Japan, Thailand, Indonesia, Vietnam, China, Russia, and the Philippines.<\/strong><\/p>\n <\/p>\n <\/p>\n MMPC, on the other hand, is a 100-percent wholly owned subsidiary of MMC, which began operations as Chrysler Philippines Corp. in 1963 as the assembler and distributor of Chrysler, Dodge, and Plymouth passenger cars.<\/strong><\/p>\n <\/p>\n <\/p>\n MMPC has a manufacturing plant located in Santa Rosa, Laguna, with 50,000 units of annual production capacity. It has the potential to expand to 100,000 units per year.<\/strong><\/p>\n <\/p>\n <\/p>\n As of November last year, the motor vehicle industry sold 425,208 units, with MMPC cornering 19 percent of the domestic market but second only to Toyota with 46 percent.<\/strong><\/p>\n <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" PRESIDENT Ferdinand R. Marcos Jr. has welcomed Mitsubishi Motors Corp.’s (MMC) P7-billion investment plan in the Philippines in the next five years as this will<\/p>\n","protected":false},"author":1,"featured_media":11713,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"featured_image_urls":{"full":["https:\/\/www.journaldailynewsonline.com.ph\/wp-content\/uploads\/2025\/02\/mj2dkxvv.png",569,306,false],"thumbnail":["https:\/\/www.journaldailynewsonline.com.ph\/wp-content\/uploads\/2025\/02\/mj2dkxvv-150x150.png",150,150,true],"medium":["https:\/\/www.journaldailynewsonline.com.ph\/wp-content\/uploads\/2025\/02\/mj2dkxvv-300x161.png",300,161,true],"medium_large":["https:\/\/www.journaldailynewsonline.com.ph\/wp-content\/uploads\/2025\/02\/mj2dkxvv.png",569,306,false],"large":["https:\/\/www.journaldailynewsonline.com.ph\/wp-content\/uploads\/2025\/02\/mj2dkxvv.png",569,306,false],"1536x1536":["https:\/\/www.journaldailynewsonline.com.ph\/wp-content\/uploads\/2025\/02\/mj2dkxvv.png",569,306,false],"2048x2048":["https:\/\/www.journaldailynewsonline.com.ph\/wp-content\/uploads\/2025\/02\/mj2dkxvv.png",569,306,false],"kreeti-slider-full":["https:\/\/www.journaldailynewsonline.com.ph\/wp-content\/uploads\/2025\/02\/mj2dkxvv.png",569,306,false],"kreeti-featured":["https:\/\/www.journaldailynewsonline.com.ph\/wp-content\/uploads\/2025\/02\/mj2dkxvv.png",569,306,false],"kreeti-medium":["https:\/\/www.journaldailynewsonline.com.ph\/wp-content\/uploads\/2025\/02\/mj2dkxvv.png",569,306,false],"kreeti-medium-square":["https:\/\/www.journaldailynewsonline.com.ph\/wp-content\/uploads\/2025\/02\/mj2dkxvv-350x306.png",350,306,true]},"author_info":{"info":["admin"]},"category_info":"National<\/a>","tag_info":"National","comment_count":"0","_links":{"self":[{"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/11712"}],"collection":[{"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/comments?post=11712"}],"version-history":[{"count":1,"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/11712\/revisions"}],"predecessor-version":[{"id":11714,"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/11712\/revisions\/11714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/media\/11713"}],"wp:attachment":[{"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/media?parent=11712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/categories?post=11712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/tags?post=11712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}