Campi targets 500,000 new vehicles by 2020

THE Philippine automotive industry has developed what it calls “vision 2020,” which aims to boost automobile production to 500,000 in the next four years.

“In reaching this target, we’re guided by the growing domestic demand for automobiles fueled by the steady growth and income,” said Rommel Gutierrez, the president of the Chamber of Automotive Manufacturers of the Philippines Inc (Campi) at a press conference during the 6th Philippine International Motor Show (PIMS).