Honda’s dealers in Thailand may face bankruptcy


Thailand’s worst floods in half a century creates serious problems to the automotive industry.
A large number of Honda dealers across Thailand are becoming increasingly concerned for the future of their businesses, as most of them face disruptions.

Within Thailand, two Honda plants in the Rojana Industrial Park have been fully submerged since Oct. 6, Jessada Thongpak, an analyst with IHS Global Automotive, said in a report today. “It may take until late 2012 to rebuild both plants,” Thongpak said.

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