The Philippine economy in 2024 has shown steady growth, supported by strong domestic demand, a recovering tourism sector, and continued expansion in manufacturing and services. While global economic challenges persist, the country’s economic performance remains resilient, underpinned by ongoing infrastructure development, digital financial services, and reforms aimed at sustaining long-term growth.
With the projected 2024 Philippine economic growth in mind, Sojitz Fuso Philippines Corporation (SFP) is proud to announce another accomplishment. Last 2024, SFP marked an impressive thirty-five percent (35%) vehicle sales growth compared to 2023. This success underscores SFP’s solid development direction and commitment in delivering world class trucks, buses, and customer service.
As a background, SFP has been chosen by several businesses as their mobility solutions provider. These partnerships highlighted SFP’s ability to meet the needs of small-, medium-, and large-scale operations by providing efficient, durable, and reliable commercial vehicles.
One of the key milestones was its network expansion, making significant growth and local reach. SFP has successfully increased its presence nationwide with its current nineteen (19) dedicated dealers. SFP’s network is still expected to grow up to 21 outlets by the end of 2025 – strengthening its network and enhancing customer accessibility. With the opening of new 3S outlets, SFP has continued to build a foundation that supports both sales and after-sales services.
Based on SFP’s mission of improving the living conditions of Filipino people by providing various mobility options – customer satisfaction remains at the forefront of its operations. Through its dedicated support teams, after-sales services, and customer-centric approach – these initiatives foster strong relationships with both customers and dealers, ensuring the brand’s ongoing success and contribution to the local market.
“The success we have achieved thus far is a direct result of the strong collaborative partnership with our business partners. We appreciate their dedication, hard work, and efforts for the FUSO brand as we significantly contributed to the Philippine market. As we continue to grow, our shared endeavor will continue to build on success, creating new opportunities and delivering international quality service to our valued customers. Thank you for your significant contributions to FUSO’s success!” said Mr. Yosuke Nishi, SFP President & CEO.
As SFP celebrates its remarkable accomplishments in 2024, SFP expresses its deepest gratitude to its customers, dealer network, media friends, and stakeholders, who have played a vital role in the company’s success. Moving forward, SFP is excited to achieve new milestones and continue to contribute to the Philippines’ automotive progress in the future.
Visit FUSO Philippines’ official website at www.fuso.com.ph. Follow us on Facebook at www.facebook.com/FusoPhilippines for the latest news and updates from the brand.
For more information, please contact:
Ms. Joms Ilaw, Senior Brand Communications Specialist
[email protected] | (049) 530 1390
Reference:
The Philippines economy in 2024 | McKinsey
Follow us on social media:
Facebook: www.facebook.com/FusoPhilippines
YouTube: www.youtube.com/c/FUSOPhilippines
Instagram: www.instagram.com/fuso.ph
TikTok: www.tiktok.com/@fuso.ph
Viber: bit.ly/FUSOPH-Viber-Channel
Sojitz Corporation at a Glance
As a general trading company, the Sojitz Group is engaged in a wide range of businesses globally, including buying, selling, importing, and exporting goods, manufacturing and selling products, providing services, and planning and coordinating projects, in Japan and overseas. The Group also invests in various sectors and conducts financing activities. The broad range of sectors in which Sojitz operates includes those related to automobiles, plants, energy, mineral resources, chemicals, foodstuff resources, agricultural and forestry resources, consumer goods, and industrial parks. Sojitz has run so many kinds of automotive business all over the world such as CKD production, wholesale, and Retail. In the case of the business in Philippine, Sojitz has been engaged to the automotive business since 1969.
Daimler Truck at a Glance
Daimler Truck Holding AG (“Daimler Truck”) is one of the world’s largest commercial vehicle manufacturers, with over 40 main locations and more than 100,000 employees around the globe. The founders of Daimler Truck invented the modern transportation industry with their trucks and buses a good 125 years ago. Unchanged to this day, the company’s aspirations are dedicated to one purpose: Daimler Truck works for all who keep the world moving. Its customers enable people to be mobile and get goods to their destinations reliably, on time, and safely. Daimler Truck provides the technologies, products, and services for them to do so. This also applies to the transformation to CO2-neutral driving. The company is striving to make sustainable transport a success, with profound technological knowledge and a clear view of its customers’ needs. Daimler Truck’s business activities are structured in five reporting segments: Trucks North America (TN) with the truck brands Freightliner and Western Star and the school bus brand Thomas Built Buses. Trucks Asia (TA) with the FUSO and RIZON commercial vehicle brands. Mercedes-Benz Trucks (MBT) with the truck brand of the same name and BharatBenz. Daimler Buses (DB) with the Mercedes-Benz and Setra bus brands. Daimler Truck’s new Financial Services business (DTFS) constitutes the fifth segment, the product range in the truck segments includes light, medium and heavy trucks for long-distance, distribution and construction traffic and special-purpose vehicles used mainly in the municipal and vocational sector. The product range of the bus segment includes city buses, school buses and intercity buses, coaches and bus chassis. In addition to the sale of new and used commercial vehicles, the company also offers after-sales services and connectivity solutions.
MFTBC at a Glance
Mitsubishi Fuso Truck and Bus Corporation (MFTBC) is a commercial vehicle manufacturer based in Kawasaki City, Japan. 89.29% of its shares are owned by Daimler Truck AG and 10.71% by various Mitsubishi group companies. MFTBC provides trucks, buses and industrial engines under the FUSO brand with a longstanding history of over 90 years, serving approximately 170 markets worldwide. MFTBC proactively develops cutting-edge technologies such as electrification, with its eCanter being Japan’s first mass-produced electric light-duty truck. MFTBC’s heavy-duty Super Great Truck was also the first of its kind in Japan to include SAE Level 2-equivalent automated driving support technology, now a benchmark in the Japanese commercial vehicle market.
FUSO at a Glance
FUSO is a Daimler Truck brand, offering a range of commercial vehicles such as trucks and buses and industrial engines in about 170 markets worldwide. The brand is characterized by effectiveness, safety and comfort, built over its 90-year history with a foundation of and Japanese quality and craftsmanship. The Canter light-duty truck claims the top share in various markets around the world. FUSO leads electrification of commercial vehicles by globally offering Japan’s first mass-produced electric light-duty truck, the eCanter. FUSO promises customers a “Future Together,” a bold claim that continues to drive the brand’s contributions to safe and sustainable transport.
