Honda Cars Philippines Inc. launches a new passenger car model – despite the uncertainty of the fate of a new auto excise tax measure. Honda launched its Thai-built entry-level City in what is seen as a wave of fresh product launches planned in anticipation of a new auto tax scheme. Insiders tell local media Honda would have preferred to see the new auto tax plan in place in time for the launch. Under the proposed tax plan, the City’s low-end model would cost under 500,000 Philippine ...
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