The cars had been smuggled into the country through a former US Naval base in Subic, and Pres. Arroyo is determined to make a spectacle of their destruction and discourage other would be smugglers from attempting to avoid import taxes. The event will be even broadcast live across the country, and will no doubt appear on You Tube soon after. We'll let you know when it does.
The Phillipines used to auction cars that were caught being smuggled into the country, but since the smugglers were usually the auction winners and got their cars back, President Arroyo will sacrifice sculpted sheetmetal, carbon fiber and low-profile rubber to make a point to her people.
Thanks for the tip, Paolo!