Chamber of Automotive Manufacturers Of the Philippines (CAMPI) Expresses Concern over loss of CARS Funding

The local automotive industry has been thrown into turmoil recently. During the approval of the 2026 budget, major funding pertaining to the CARS program was cut. In light of this, the biggest group of manufacturers in the country has expressed its concern.

CAMPI Speaks up on CARS

The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) believes in the importance of collaboration between Government and Industry in securing the future viability of the Philippine Auto Manufacturing sector. Such is crucial in creating a positive environment for future investments and helps develop a more robust local Auto Parts  Manufacturing Industry.

Recent developments have raised serious concerns about the funding for the financial incentive commitments granted under the Comprehensive Automotive Resurgence  Strategy (CARS) Program. The participants should be able to receive their incentives based on their actual performance, that already generated economic benefits.

Meanwhile, the Revitalizing the Automotive Industry for Competitiveness Enhancement  (RACE) Program is an important transition to future industry development programs and should be implemented soon.

Both CARS and RACE are fundamental programs that contribute to the overall industrial development of the country. We fully trust and support the efforts of key government agencies in urgently resolving these important matters.