Mitsubishi Motors Philippines Corporation
Mitsubishi Motors Philippines Corporation

Press Release

Mitsubishi Motors Philippines & Carworld Inc. sign 50 year lease agreement with Subic Bay Development Management Corp.


Mitsubishi Motors Philippines Corp., on its commitment to be within every customer’s reach, together with one of its authorized dealers Carworld Inc. (CWI) recently signed a 50-year Lease Term Agreement with the Subic Bay Development Management Corp. (SBDMC). CWI Chairman of the Board, Mr. Liberato P. Laus and Mr. Jef Lin, President of SBDMC signed the lease contract of the property located along Rizal and Argonaut Highways, the future site of a full Mitsubishi Motors dealership. Carworld Subic once completed, will provide a modern showroom and service facility convenient to Bataan and Zambales residents.

Also present to witness this event were MMPC and CWI executives (From Left): Mr. Bayani Santiago- Senior Manager for Dealer Development of MMPC, Mr. Francisco B. Zafra – VP for Customer Service of MMPC, Mr. Romy Sanchez FVP of CWI Sales and Marketing, Mr. Dante C. Santos VP for Vehicle Sales of MMPC, Mr. Frank de Jesus – President of CWI, Mr. Alfie Adriano – VP and Deputy CFO of CWI, Atty. Rex Malig Legal Counsel for CWI, Mr. Mark Medina – AVP for Vehicle Sales of MMPC, and Mr. Sonny David – CWI’s Exec. Asst.

The new Mitsubishi Motors showroom and service center is expected to be completed by December 2010.

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