[2] Silverio founded Delta Motor Corporation in 1962,[3] which assembled and distributed Toyota automobiles in the Philippines.
[5] The company established the Toyota basketball team, coached by his racecar driver nephew Dante Silverio,[6][7] and paraded by Robert Jaworski, Ramon Fernandez and Francis Arnaiz.
[8][7] But in 1984 due to political disfavor,[9] Delta Motor Corporation ceased operations and was dissolved in 1988.
[11] In 2021, the Sandiganbayan would dismiss the complaint filed by the Presidential Commission on Good Government against the Marcoses, Silverio and his associate Pablo Carlos Jr. for failure to prove allegations against the respondents.
[12] The points mentioned in the case included the alleged improper payments of hundreds of thousands of dollars by the two businessmen to the Marcoses in exchange for a contract to supply Kawasaki scrap loaders and Toyota rear dump trucks, grant of three consecutive year special accommodations, privileges, and exemptions from the Central Bank through increased dollar import quota allocation for the importation of Toyota vehicles for Delta Motor and air-conditioning and refrigerating equipment and obtaining a multi-million peso emergency loans as additional capital infusion to Filipinas Bank (Filmanbank), a banking institution owned by Silverio.