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BUSINESS

FTI: Car sales slump as headwinds abound

Business, Piyachart Maikaew, Published on 18/09/2019

» Thailand's automotive industry is suffering from myriad negative factors, including lower GDP growth, rising US-China trade tensions and pressure on local sales and exports, says the Federation of Thai Industries (FTI).

BUSINESS

Industry sentiment plunges to 10-month low

Piyachart Maikaew, Published on 17/09/2019

» The Thai Industries Sentiment Index dropped in August to 92.8 points, the lowest in 10 months, on business concerns about people's lower purchasing power and a bearish sentiment on exports, the Federation of Thai Industries (FTI) reported on Tuesday.

BUSINESS

Car sales down in August, overall sales up

Piyachart Maikaew, Published on 17/09/2019

» Vehicle sales contracted in August for the third month in a row, largely on rejection of car loan applications under new guidelines, the Federation of Thai Industries (FTI) reported on Tuesday.

BUSINESS

Etran still optimistic about 200,000 e-bike tier

Business, Piyachart Maikaew, Published on 10/09/2019

» Etran Thailand, an electric bike developer, is still confident it can sell 200,000 motorcycles in the next decade as Thai motorists slowly adopt electrified vehicles.

BUSINESS

BMW keen on battery supply

Business, Piyachart Maikaew, Published on 07/09/2019

» BMW Group Manufacturing Thailand, a local production arm of the German luxury car maker, expects its Thai supplier of high-voltage batteries to lower its car assembly cost for plug-in hybrid electric vehicles (PHEVs) sold in Thailand.

BUSINESS

Toyota foresees dip in car market

Business, Piyachart Maikaew, Published on 04/09/2019

» Toyota Motor Thailand predicts the car market to decline further in the next few months because of low purchasing power from buyers and restricted auto loan approvals from banks.

BUSINESS

TAI pushes 19 measures for EV progress

Business, Piyachart Maikaew, Published on 03/09/2019

» The Thailand Automotive Institute (TAI) has suggested 19 measures for the Industry Ministry to promote the government's electric vehicle (EV) scheme as it is concerned the country will lose competitive advantage against Indonesia, Malaysia and Vietnam.

BUSINESS

Siam GS Battery kicks off $10m Myanmar plant

Business, Piyachart Maikaew, Published on 02/09/2019

» Siam GS Battery, an affiliate of Siam Motors Group, has started operation of a battery charging plant in Myanmar with an investment of US$10 million, expecting to serve rapid growth of auto sales in that country.

BUSINESS

Toyota group opens plant for recycling car batteries

Business, Piyachart Maikaew, Published on 31/08/2019

» Toyota Motor Thailand has opened a battery life cycle management plant in Chachoengsao, the first overseas facility outside Japan, to circulate batteries of hybrid cars sold in Thailand.

BUSINESS

GM cuts 327  jobs at plants in Rayong

Business, Piyachart Maikaew, Published on 30/08/2019

» General Motors Thailand, the local car production unit of the US parent, has cut a further 327 jobs at its Rayong plants as part of a plan to reduce operating costs and slim down the manufacturing facility.