Tata Motors, India’s largest carmaker by revenue, is preparing to sell buses and trucks in Thailand amid tough competition in the commercial vehicle sector. The company will showcase an array of Tata commercial vehicles at Bus & Truck ’11, to be held at the Bangkok Trade & Exhibition Center from Dec 15-17. Tata will show […]
Archive | Automotive
Toyota eyes fast restart
November 10, 2011 in Automotive, Company News, Thai Economy, Thai Industry News, Thai Stocks
Toyota Motor Corp will delay resuming operations in Thailand for 10 days, starting up Nov 21, says Akio Toyoda, president of Toyota. “We will try to start production as soon as possible, possibly on the 21st of this month, and then slowly increase our production capacity,” said Mr Toyoda. Though floods have not hit Toyota’s […]
Toyota readies plants for worst-case floods
October 28, 2011 in Automotive, Company News, Thai Economy, Thai Industry News, Thai Stocks
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. […]
Toyota: Water control first order
October 27, 2011 in Automotive, Company News, Thai Economy, Thai Industry News, Thai Stocks
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 […]
Global fallout of Thai floods
October 20, 2011 in Automotive, IT & Electronics, Thai Economy, Thai Industry News, Thai Stocks
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 […]
Electronics, autos take a soaking
October 19, 2011 in Automotive, Company News, IT & Electronics, Thai Economy, Thai Industry News, Thai Stocks
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 […]
Car makers can ride out flood chaos
October 14, 2011 in Automotive, Company News, Thai Economy, Thai Industry News, Thai Stocks
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 […]
Car-scheme takes off amid flood threat
October 12, 2011 in Automotive, Company News, Thai Economy, Thai Industry News, Thai Stocks
The government yesterday kicked off the first-car scheme amid the chaos of flooding in the central provinces even as car owners in Bangkok are worrying about safe parking due to the threats of flash floods. The majority of Bangkokians remain on alert for flash flooding due to the swiftly rising water levels, while at the […]
Ford: B60bn local content
September 29, 2011 in Automotive, Company News, Real Estate, Thai Economy, Thai Industry News, Thai Stocks
Ford has pledged to purchase nearly $2 billion or 60 billion baht per year worth of locally made parts once its new automobile plant in Rayong begins operations next year. The amount also includes purchases by the AutoAlliance Thailand (AAT) plant in Rayong, in which Ford and Mazda are 50:50 partners. The US carmaker said […]
Car, home schemes may expand
September 27, 2011 in Automotive, Construction, Law & Regulations, Politics, Property Development, Real Estate, Thai Economy, Thai Industry News, Thai Stocks
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 […]
