Francisco Motors Corporation
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Francisco Motors Corporation
Francisco Motors Corporation (FMC) is a Filipino automotive manufacturing company headquartered in Camarines Norte, Bicol Region, Philippines. FMC is noted for manufacturing jeepneys. Aside from this, they had the right to assemble Mazda pickups and vans and Hyundai vehicles. History Francisco Motors was established by local artist and entrepreneur Anastacio Francisco alongside his brothers Fernando Francisco and Jorge Francisco. The company had a starting capital of ₱200 () as a small painting shop that expanded into automotive manufacturing by converting leftover Willys MB, United States Army jeeps after Military history of the Philippines during World War II, World War II into jeepneys. Public transport In 1975, FMC provided a fleet of 50 Harabas Taksi taxicabs for the state-run Metro Manila Transit Corporation, Manila Transit Corporation. The Harabas Taksi was a four-door station wagon basic utility vehicle conceived as a derivative of the GM Harabas manufactured by Ge ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Metro Manila Transit Corporation
The Metropolitan Manila Transit Corporation (MMTC) was a government-owned and controlled corporation that operated as a transport company in Metro Manila, Philippines. At its peak, MMTC operated several bus routes across Metro Manila. It was best known for its "Love Bus" service and double-decker bus routes. History After World War II, the pre-war tranvía streetcar system in Manila was left destroyed, leaving a gap in the city's public transport infrastructure that was subsequently filled by buses and jeepneys. Loose regulations, however, resulted in a fragmented public transportation system in Manila and its suburbs dominated by independent transport operators who competed against each another, resulting in inadequate services. During the martial law period under Ferdinand Marcos, efforts were made to address the problem, as Marcos issued Presidential Decree No. 492 on June 27, 1974, which established a government-owned and controlled corporation called the Manila Transit C ...
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Philippine Brands
The Philippines, officially the Republic of the Philippines, is an Archipelagic state, archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of List of islands of the Philippines, 7,641 islands, with a total area of roughly 300,000 square kilometers, which are broadly categorized in Island groups of the Philippines, three main geographical divisions from north to south: Luzon, Visayas, and Mindanao. With a population of over 110 million, it is the world's List of countries and dependencies by population, twelfth-most-populous country. The Philippines is bounded by the South China Sea to the west, the Philippine Sea to the east, and the Celebes Sea to the south. It shares maritime borders with Taiwan to the north, Japan to the northeast, Palau to the east and southeast, Indonesia to the south, Malaysia to the southwest, Vietnam to the west, and China to the northwest. It has Ethnic groups in the Philippines, diverse ethnicities and Culture o ...
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Bus Manufacturers Of The Philippines
A bus (contracted from omnibus, with variants multibus, motorbus, autobus, etc.) is a motor vehicle that carries significantly more passengers than an average car or van, but fewer than the average rail transport. It is most commonly used in public transport, but is also in use for charter purposes, or through private ownership. Although the average bus carries between 30 and 100 passengers, some buses have a capacity of up to 300 passengers. The most common type is the single-deck rigid bus, with double-decker and articulated buses carrying larger loads, and midibuses and minibuses carrying smaller loads. Coaches are used for longer-distance services. Many types of buses, such as city transit buses and inter-city coaches, charge a fare. Other types, such as elementary or secondary school buses or shuttle buses within a post-secondary education campus, are free. In many jurisdictions, bus drivers require a special large vehicle licence above and beyond a regular driving lic ...
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