TOYOTA Motor Philippines Corp. (TMP) welcomed the signing of Executive Order (EO) 182, also known as “Providing for a Comprehensive Automotive Resurgence Strategy (CARS) Program” by President Benigno Aquino 3rd.

“Toyota welcomes the EO with much optimism as it further allows the continuity and increase in contributions to the Philippine economy of the auto industry through local manufacturing,” TMP President Michinobu Sugata said in a statement.

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