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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.

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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.

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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).

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BUSINESS

Mazda trims forecast as economy buckles under pressure

Business, Piyachart Maikaew, Published on 19/09/2019

» Mazda Sales Thailand has cut its overall market forecast for the country in 2019 from 1.06 million cars sold to 1.04 million, citing myriad factors domestically and abroad.

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BUSINESS

MG Sales looks to Q4 revival

Business, Piyachart Maikaew, Published on 26/09/2019

» MG Sales Thailand is optimistic the overall car market will pick up in the fourth quarter amid a contraction in monthly car sales for three months in a row, saying each car distributor is launching new models to stimulate the local market.

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BUSINESS

Agency urges government to step up EV development

Business, Piyachart Maikaew, Published on 28/08/2019

» The Electric Vehicle Association of Thailand (EVAT) is calling for the government to take more serious action in developing the country's electric vehicle (EV) roadmap to create a local market that can catch up with rapid improvements in electrified cars globally.

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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.

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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.

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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.

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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.