Archive | Automotive

Toyota readies plants for worst-case floods

Although Toyota Motor Thailand says the worst-case scenario is unlikely, the country’s largest automobile manufacturer is still preparing flood prevention plans for its three plants, two of which face flooding risks. Vudhigorn Suriyachantananont, senior vice-president of TMT’s administration division, said Toyota had been preparing for two weeks, as it faces risks from slowly draining water. […]

Continue Reading · 0

Toyota: Water control first order

The government should focus on the flood situation before talking about rehabilitation plans for businesses, says Toyota Motor Thailand (TMT). “We want the government to solve the flooding first so we can assess the damage. This is affecting not only Thailand, but also [company operations in] Japan and the rest of the world too. Rehabilitation […]

Continue Reading · 0

Global fallout of Thai floods

Thailand’s the worst flooding in half a century has forced a number of parts makers and Japanese manufacturers to halt production in Thailand, raising fears the flooding may affect manufacturing worldwide. The Yomiuri Shumbun reported today that all five key industrial zones were under water in the historic city of Ayutthaya, about a one-hour drive […]

Continue Reading · 0

Electronics, autos take a soaking

California-based Western Digital, the world’s largest hard-disk drive (HDD) maker, expects its exports from Thailand will decrease by 40% this year due to the severe flooding. The company estimates a two-month production halt and then another four to six months to resume full operations, said Suwat Liptapanlop, a former deputy prime minister who chaired a […]

Continue Reading · 0

Car makers can ride out flood chaos

The automobile industry remains fundamentally strong and would recover in full strength from the floods that disrupted the supply chain, just like it did after the two major crises in the last two decades, industry spokesmen said yesterday. “The Thai automobile industry has reserves of strength, so I’m confident the industry still has an opportunity […]

Continue Reading · 0

Car, home schemes may expand

The government is considering expanding the coverage of both first-home and first-car buyers tax programmes. The cabinet is likely to waive the registration and transfer fees for homebuyers while authorising the Government Housing Bank to offer 10 billion baht worth of mortgages with a zero interest rate for 2-3 years for buyers of units priced […]

Continue Reading · 0