Vol. VII No. 47 - Tuesday
November 18 - November 24, 2008



Home
Automania
News
Business & Travel
Book-Movies-Music
Columns
Community
Happenings
Dining Out & Entertainment
Features
Academia Nuts
Social Scene
Sports
Reflections
Chiang Mai FeMail
Daily Horoscope
Cartoons
Happy Birthday HM Queen Sirikit
Current Movies in
Chiangmai's Cinemas
Advertising Rates
Classifieds
Back Issues
Updated every Tuesday
by Saichon Paewsoongnern


BUSINESS & TRAVEL
HEADLINES [click on headline to view story]:

Thailand’s auto production in 2009 set to fall 17%

Thailand’s auto production in 2009 set to fall 17%

A sluggish global economy sparked by the financial crisis in the US is expected to hurt Thailand’s automobile production in 2009 with a projected 17.24 percent drop from this year’s level, according to a senior industry executive.
Adisak Rohitasune, senior vice president of Asian Honda Motor Co., Ltd. said Thailand’s auto exports next year are expected to decline to a projected 1.2 million units, down 250,000 units from this year’s 1.45 million. Next year’s initial auto production will be similar to actual production in 2007.
In an attempt to cut down expenses, Adisak said Honda will reduce overtime for its workforce in line with the expected drop in production.
Still, the forecast for 2009 is better than the Asian financial crisis in 1997 he said. On that occasion 75 per cent of Thailand’s auto production was wiped out for the year.
Total exports of cars, motorcycles and engines during the first nine months of this year were valued about Bt70 billion, he said.
On the plus side, Adisak added, Thailand’s auto exports do not depend so much on the US market as key importers are Asian countries, Australia, the Middle East and Latin America. (TNA)



Chiangmai Mail Publishing Co. Ltd.
189/22 Moo 5, T. Sansai Noi, A. Sansai, Chiang Mai 50210
THAILAND
Tel. 053 852 557, Fax. 053 014 195
Editor: 087 184 8508
E-mail: [email protected]
www.chiangmai-mail.com
Administration: [email protected]
Website & Newsletter Advertising: [email protected]

Copyright © 2004 Chiangmai Mail. All rights reserved.
This material may not be published, broadcast, rewritten, or redistributed.

Advertisement