Mitsubishi Motors Philippines Gets Approval for Philippine Mirage Assembly

Mitsubishi Motors Philippines Corporation (MMPC) announced it received a Certificate of Registration from the Department of Trade and Industry’s Board of Investments, as one of the participants under the Philippine government’s Comprehensive Automotive Resurgence Strategy (CARS) Program. In line with this, the company shall be investing around P 4.3 billion to set-up its new production line for the Mirage model which is expected to be operational early next year. This total investment includes P 2 billion investment for a stamping shop facility.
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