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Showing posts from July, 2009
BANGKOK POST: Eco-car may get a rethink
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The government may improve tax incentives for eco-cars to stimulate the economy, says Suwit Khunkitti, minister of Natural Resources and Environment. He said a government panel seeking solutions to delays in the programme to build small, fuel-efficient cars could favour a "green tax" incentive"The more reductions in carbon emissions and the greener technology for engines [that carmakers can provide], the more green tax incentives they would receive," he said.
Tengzhong will likely buy Hummer through offshore entity
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CHINA CAR TIMES: Electric Geely Panda to be built this year
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Electric vehicles from China.... makes sense to me. China's domestic car industry still has to catch up many years to be able to compete with the west. In the electric car sector, they could become a serious player much more quickly. At a price of 200,000 to 300,000 Baht, I think they might sell..... (Comment above by Uli Kaiser)
BANGKOK POST: Magna, RHJ, BAIC in the race to take over Opel
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USA Today: World's cheapest car: First Tata Nano is delivered in India; due in U.S. in two years
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BANGKOK POST: Auto market drop of 22% foreseen
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The domestic automobile market this year is likely to be far worse than in 2008 because of the global recession and local political instability, says Ninnart Chaithirapinyo, the vice-chairman of Toyota Motor Thailand. Total sales for 2009 are expected to drop 22% year-on-year to 480,000 units, while 2008 sales slipped only 3% year-on-year to 615,000 units, he said.
THE NATION: Auto market remains subdued in first half
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BANGKOK POST: Bold tax cuts may fire up eco-cars
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Manufacturers of eco-cars may be awarded a two-year tariff reduction of as much as 90% on imported parts, as Thailand is striving to revive the sluggish automotive industry. The goal is to attract carmakers to turn the country into a major production base for fuel-efficient and environmentally friendly compact vehicles.
Thai Automotive Institute: Vehicle Production in Thailand
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THE NATION: Bridgestone's new plant to make retread material
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BANGKOK POST: Auto revival unlikely before next year
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Thailand's struggling automotive industry is expected to see a revival by the first or second quarter next year, says Vivek Vaidya, director of the Asia-Pacific automotive and transport practice with the industry consultancy Frost & Sullivan. Based on the current scenario, total vehicle sales are projected to drop by 29% year-on-year to 434,000 units this year from 615,000 units sold in 2008. Sales of pickup trucks could decline 32% to 226,000 units and those of passenger cars by 14% to 195,000 units.
THE NATION: Thai Competitiveness conference under way
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The Thailand Competitiveness Conference 2009 will kick off today in the Grand Ballroom of the Four Seasons Hotel in Bangkok. Speakers will discuss how to boost the Kingdom's competitiveness. The two-day conference will be hosted by the Thai Institute of Directors Association in cooperation with the Thailand Management Association, the Board of Trade, the National Economic and Social Development Board and the Stock Exchange of Thailand.