Industry News
Shift the Future
The Manila International Auto Show returns from April 9 to 12, 2026, as Worldbex Services International confirms the next edition of the country’s biggest automotive event at the World Trade Center Metro Manila. Now entering its 21st year, MIAS carries the theme “Powering Mobility” as it continues to anchor conversations around innovation, performance, and the direction of the automotive industry.
Organizers said MIAS 2026 builds on the momentum of last year’s milestone event, which marked the show’s 20th anniversary and drew more than 170,900 visitors. The 2025 edition featured over 145 exhibitors across 33,000 square meters of exhibit space, with more than 310 cars, trucks, and motorcycles on display. WSI said the upcoming show aims to raise the bar further with a larger platform and expanded showcases for both industry players and enthusiasts.
At the center of MIAS 2026 is the Mobility Marathon, a series of scheduled vehicle launches where participating brands will unveil new models and technologies to the public. These launches will be supported by the Test Drive Avenue, allowing visitors to experience selected vehicles on site.
Other key attractions are set to return, including the Truck Zone, which features commercial vehicles of varying sizes, and the Die-Cast Car Collection, which highlights rare and collectible scale models. The Car Club Display will also bring together automotive groups from around the country, showcasing privately owned vehicles ranging from restored classics to modern builds.
Signature events remain part of the program. The MIAS Petron Custom and Classic Car Competition will once again recognize standout customized and classic vehicles across multiple categories. The Ms. MIAS pageant also returns, featuring representatives from participating automotive brands.
WSI said MIAS continues to position itself as a platform that connects manufacturers, suppliers, and the public while reflecting the industry’s ongoing shift toward new mobility solutions. MIAS 2026 runs from 10 a.m. to 9 p.m. daily and is organized for the benefit of the ABS-CBN Foundation Inc.
Toyota has raised its full-year profit forecast after a weak yen, cost reductions and stronger hybrid sales helped offset the impact of the Middle East conflict and tougher competition in China.
Japan’s biggest automaker now expects net income of ¥3.25 trillion for the financial year ending 31 March 2027, up from its May estimate of ¥3 trillion. The new forecast is still below the ¥3.8 trillion it earned in the previous year.
Toyota also lifted its operating-income outlook to ¥3.4 trillion from ¥3 trillion, while it expects revenue to reach ¥54 trillion, a 6.5-percent increase from the prior year.
The revision came shortly after Japan and the United States jointly intervened in currency markets to support the yen. The Japanese currency had dropped to its weakest level against the dollar since 1986 before recovering last week.
A weaker yen raises Japan’s import bill, particularly for oil and raw materials, but it also increases the value of overseas earnings when converted back into yen. It can also make Japanese-made vehicles more competitively priced abroad.
For Toyota, the benefits helped cushion disruptions caused by the Middle East war. The conflict has raised material costs and made shipping to the region more difficult.
Toyota executive Takanori Azuma said its usual route through the Strait of Hormuz had become unavailable, forcing shipments to take the much longer route around South Africa’s Cape of Good Hope. The detour doubled logistics lead times.
The carmaker is now developing other routes, including transferring vehicles before the Strait of Hormuz and moving them by land into Middle Eastern markets.
Toyota reported first-quarter net income of ¥1.5 trillion, up 75.6 percent from a year earlier and above market expectations. Revenue rose 10.4 percent to ¥13.5 trillion.
Operating income, however, declined 8.8 percent to ¥1.1 trillion. It was Toyota’s fifth consecutive quarterly decline in operating income.
Hybrid sales, currency effects and cost-cutting measures helped soften the pressure from the Middle East situation, the company said. Yet its global vehicle sales still fell 2.8 percent in the first half of calendar 2026, with sales in China dropping 17.1 percent.
The China decline comes as local manufacturers continue to gain ground. BYD recently entered Japan’s kei-car market, putting the Chinese electric-vehicle giant in more direct competition with Toyota, Nissan and Suzuki.
Toyota also announced a ¥1-trillion share buyback programme. Its shares nevertheless fell nearly two percent in Tokyo trading on Tuesday.
HANOI, Vietnam — VinSpace has signed a contract with SpaceX to send its first satellites into orbit in 2027, an agreement that supports the Vietnamese company’s plan to develop capabilities across the space industry.
The satellites will travel aboard one of SpaceX’s Transporter rideshare missions, which carry payloads from several customers on the same launch. VinSpace did not disclose the number of satellites covered by the contract or the financial terms of the agreement.
VinSpace will handle the research, development and manufacturing of the satellites, along with their operation once they reach orbit. The missions will test technologies developed by the company and help build its experience in satellite engineering.
The agreement follows VinSpace’s announcement in April that it planned to develop and launch its first satellites in 2027. The company views the initial missions as a foundation for future commercial services based on satellite technology and data.
VinSpace CEO Thu Vu said reliable access to orbit was necessary to turn satellite research into working missions.
“This contract with SpaceX is an important milestone in VinSpace’s long-term strategy to help build Vietnam’s space ecosystem and strengthen the country’s position within the global space economy,” Vu said.
The company expects the satellite program to support technology testing in orbit, the training of Vietnamese aerospace professionals and cooperation with international partners. It also plans to use the missions to prepare technologies for commercial applications in Vietnam, Southeast Asia and other markets.
VinSpace aims to operate across the space industry instead of concentrating on a single part of the business. Its plans cover satellite design and manufacturing, assembly, integration and testing, launch management, satellite operations and services based on space data.
The company is also developing capabilities in ground infrastructure, satellite connectivity and geospatial intelligence. Potential applications include infrastructure monitoring, energy, environmental management, logistics and smart-city services.
VinSpace is part of the Vingroup ecosystem, which also includes Vietnamese electric vehicle manufacturer VinFast. The SpaceX agreement gives the aerospace company a launch provider as it works toward its first missions and builds a broader commercial space business.
Philippine motorcycle sales reached 939,528 units in the first half of 2026 as a strong opening quarter offset weaker demand from April to June.
Data from the Motorcycle Development Program Participants Association showed sales rose 3.58 percent from 907,054 units during the same period last year.
The industry sold 496,868 motorcycles in the first quarter, up 11.6 percent year on year. Second-quarter volume fell 4.2 percent to 442,660 units from 462,007 units, although the earlier gains kept the six-month total in positive territory.
Automatic motorcycles remained the largest segment with 655,004 units sold. Their ease of use, fuel efficiency and suitability for daily commuting continued to attract Filipino riders.
Business motorcycles ranked second with 148,989 units. Demand from delivery services, small businesses and other income-generating activities helped sustain the segment.
Mopeds recorded 107,632 units, followed by street motorcycles with 24,346 units. Big-bike sales reached 2,994 units, while other categories accounted for 563 units.
MDPPA president Erwin D. Estrada said the first-half performance showed the resilience of the local motorcycle industry despite tougher market conditions and a high comparison base from 2025.
He added that buyers continue to recognize motorcycles as affordable and dependable transportation for work, business and everyday travel.
Industry analysts expect long-term sales growth to continue as demand for cost-efficient mobility remains strong. MDPPA represents Honda, Kawasaki, Suzuki and Yamaha in the Philippines.
