A three-year expansion of the Comprehensive Automotive Resurgence Strategy program is under study by the DTI, with prospects of requiring participating automotive firms to enroll another vehicle model as prerequisite for the extension.
The two started production in 2018, with both automotive firms sourcing 42 percent of the car components and parts locally.
Under the CARS program, the two automotive firms have created a total of 109,959 jobs so far and invested P9.6 billion.
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