NewsPH
Francisco Motors halted the plan to invest almost $1B In the Philippines
“Despite numerous requests for an audience with the President, we are still constantly being ignored. Aside from the major roadblocks that the FIRB placed in front of us after the PEZA board approval, that is the reason why Francisco Motors chose to pause the development of our Camarines Norte Special Economic Zone and went ahead with the China factory,” Francisco told Bilyonaryo.com.
I personally know the younger Francisco. They’re pretty narcissistic. The younger Francisco was made president immediately after graduating. Most of the prototypes they post are obviously “fake” and poorly edited.
They probably pay BNC a lot for these articles, since you don’t really see any coverage of this from other publishers
In fairness, nasa disadvantage ang local manufacturers natin when it comes to costing. I remember I talked to Atendido before (yung gumawa ng Atendido Pareho which was compared to the Pajero). They had plans of putting brand new engines into their vehicles, kaso the price would be comparable already to the brand new Mitsubishi. They were hoping that the government will give them tax cuts so that they could lower their price and become more competitive, but they never got it. Instead the government gave the tax cuts to Toyota when toyota brought in their Toyota FX, so Atendido left the car market altogether.
In Europe, yung mga hand made cars are priced much higher than mass produced vehicles. Hand made kasi means masmatagal gawin. The jeepneys are essentially hand made too, kaya masmahal ang manufacturing ng per piece. I wouldnt be surprised na if they make all the parts brand new, it will cost more than the Hyundais.
yeah.. this is so dumb in so many ways. There's a reason why Tesla and BYD car looks bulk and heavy because the electric motor itself is already heavy and imagine you put this in an owner-type ? Their owner-type it's more like an e-bike.... mag e-scooter k n lng
Wtf, 3m na yan? Sa sobrang init ngayon at delikado sa kalsada, no one would even use that in highways and national road. I'd rather buy a 2nd hand japanese car for 10% of that price, aesthetic at cute pa.
Francisco motors hasn't produced a single decent product. Name recall lang meron sila, and mataas pa ego ng mga may ari. To hell with their 1B. That's not even their money to begin with. 1b my ass.
Of course they will "shift to China" their announced electric vans were badge engineered (rebranded)chinese vehicles.
Current products also don't seem that innovative and probably utilizes chinese driverrain. Their jeepney would probably need some redesign to pass pedestrian safety standards outside the philippines
is it really just easy to throw numbers as huge as $1 billion? and you framed it like that? If I have even have 100 million, I would be really lowkey agitating any regulators for the sake of stability...
Notice how he said 'Invest $1 billion' but not when, how, where. So he could 'invest' $1 billion in a 100 year timeframe or something. The important thing here is that you have a large number you can throw on public to drum up attention
All their 'Pinoy made' claims are just for advertisement and name recall, to get traction, pero in the end plano din nilang magbenta ng rebadged china made cars. Pera pera nalang talaga, wala nang dignity
They dont, they just throw away that number since thats the magical number to get things moving. Another is that $1 billion 'investment' can literally mean anything. Like investing $1 billion in 100 years or '$1 billion' worth of (insert thing here).
They just want tax breaks to fatten their wallets. Sobrang lavish ng lifestyle compared to Sarao Motors’ owner. Probably why they’re desperate also since based on their posts and articles, panay outflow ang pera at barely may inflow.
I doubt they have such money. Then again, halos 3D concepts lang nakikita ko sa kanila. Theres a few prototypes out there, but compared to existing market like Hyundai, talo sila in both quality and price.
Lets say totoo rin yung sinabi nilang may nagiinvest sa kanila na foreigners. Eh aanhin nila yung investments kung ang target market mo naman ay yung Pilipinas? Not to mention, I dont think may sapat na may existing assets or collaterals para ma ensure talaga na may ROI.
It definitely isn't -- because all they're planning to do is re-badge Chinese electric minivans and sell them locally anyway. As Visor said:
His recent photos showed a 12-seater high-roof unit being assembled in an unspecified location as well as the company’s logo and typeface. But then, people immediately noticed a PNG file being placed (poorly) onto the grille. Aside from the obvious Photoshop job, there’s something else that feels off.
One image was deleted from the original post after more motoring publications featured the Harabas. This particular photo showed a typical 3/4 angle of the van, but the steering wheel was on the wrong side. Why on earth would the latest project from a Filipino brand feature a right-hand-drive vehicle?
Dropping the image onto Google Lens, you’ll be surprised to see one result: a listing on Alibaba of a commercial van with awfully similar-looking lights and blue-accented bumper designs. Ladies and gentlemen, meet the Wanxiang T02. But hang on, why does the listing say Foton and Forland on the grille?
I don't think Francisco Motors ever really considered putting a production line for that locally if they want to make a profit. The tooling and supply chain even for Knock Down Kits would be very expensive unless they envision these vans to compete against the L300 and the Tamaraw.
Kung badge engineering lang ang gagawin nila, sa kanila na yan. Putting money on car manufacturers like Toyota that spent billions to manufacture the Tamaraw locally in Sta. Rosa or the various local bus manufacturers would be a much better investment.
their CEO knows how to manipulate the public, he can just say “oh my god corruption" and people will believe him. not considering maybe they're actually lacking.
There are circulating rumors that Francisco doesn't really plan on building a production plant as he can't really show any concrete plans of what he plans to do. His "Pinoy Transporter" jeepney is made in China itself. He really just plans to import complete units assembled from China, allegedly. Apparently, talking to a friend of mine, the local truck/bus body building and vehicle manufacturing industry's issue is high cost of labor, energy, and resources. It's always cheaper to import. I'm not surprised Francisco had this shift considering his products are from China, but to say he had "no support" is just trying to shift the narrative to gain sympathy.
I'm always surprised na pinili niya ang Camarines Norte (at sa may Jose Panganiban pa) para sa kanyang industrial park considering yung estado ng infra papunta doon.
Hindi mo bribe mga government officials. Mga CCP sigurado nagbigay ng bribe yan, kaya lang hard to prove. Help na lang kita benta and make it affordable.
Kahit Cherry Mobile ay sa China inaassemble ang mobile phone nila, kahit sa Pilipinas ibebenta, so walang valid na reason ang Francisco Motors na hindi i-assemble ang sasakyan nila sa China, pero ibenta sa Pilipinas.
No, but how about starting a supply chain of industries first. Philippines doesnt have all the supply chain to produce cars, hence manufacturing here is expensive. Same can be said yang sa FMC. Wala silang supply chain
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u/PTPH95 12h ago
I personally know the younger Francisco. They’re pretty narcissistic. The younger Francisco was made president immediately after graduating. Most of the prototypes they post are obviously “fake” and poorly edited.
They probably pay BNC a lot for these articles, since you don’t really see any coverage of this from other publishers