Sunday, December 28, 2008

Car production could fall 35% in Thailand

BANGKOK, Thailand (AP) - Vehicle production in Thailand could fall as much as 35% next year if the global economy continues to worsen.

Thailand is a major production and export hub for pickup trucks made by General Motors, Toyota Motor, Isuzu and Mitsubishi.

Wallop Tiasiri, director of the Thailand Automotive Institute, estimates the decline in Thailand would more likely be about 15%. But he says a gloomier economic outlook in the United States and Europe could result in a production drop of 35% and the loss of 45,000 jobs.

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