The ASEAN automotive market is set to grow at a compound annual growth rate (CAGR) of 5.8% (2012-2019) to 4.71 million units in 2019, mainly driven by rapid market expansions in Indonesia and Thailand, market researchers Frost & Sullivan said today. Check out the whole story here .
Production might half due to Japanese chip import problems... Japanese car assemblers in Thailand will meet here next week to discuss car automobile industry production which is being heavily impacted from the massive tsunami which hit Japan just over a month ago, a senior industry player said Thursday. Vallop Tiasiri, president of the Thailand Automotive Institute, said Japanese car assemblers will meet on April 22 at the industry ministry following an invitation from Permanent Secretary for Industry Vitoon Simachokdee.
TOKYO (Kyodo) -- A total of 215 plants in Thailand affiliated with 139 Japanese listed firms have been damaged by flooding there, a survey by a private research agency showed Wednesday. Of the 139 companies, 81 were in the electronics business and 71 in the automotive business as many of them operate in more than one business sector, Tokyo Shoko Research said, indicating the engines of Japan's manufacturing industry have been heavily affected.
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