Bosch Inc. recognizes the strong growth of the Philippine auto sector, which according to a recent study is ranked among the country’s top five GDP contributors. To date, the industry stands on the threshold of selling a milestone 175 thousand units by yearend – a 32 percent increase over the previous year’s 132 thousand units.
On the eve of celebrating an entire industry’s success, Bosch joins the Car Awards Group Inc. (CAGI) in staging the Car of the Year 2010-2011 as a recognition program for the best cars available in the local market. CAGI is a non-stock, non-profit organization spearheaded by the country’s premier motoring journalists from television, print, online and broadcast media.
“Bosch is proud to once again support the Car of the Year awards,” says Joseph Hong, Managing Director of Robert Bosch Inc. and the first Filipino to assume the automotive technology company’s highest local post. “We likewise commend the leadership of CAGI and the group’s sterling initiative to help Filipino motorists choose the most suitable and reliable vehicles for their needs.”
Among other awards in the upcoming culmination event, both the company and CAGI will confer a Best in Innovation award, which recognizes advancements in vehicle safety and overall “green” efficiency.