Tag: car production
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Thailand car production rises 6.1% on year in July
BANGKOK, Aug 25 : Car production in Thailand rose 6.12 per cent in July from a year earlier to 117,383 units, the Federation of Thai Industries said on Tuesday.• The reading follows a year-on-year fall of 7.55 per cent in June. The FTI has previously forecast a 3.33 per cent drop in car production for…
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Thailand to cut excise tax for car production, minister says
BANGKOK, Aug 7 : Thailand plans to cut excise tax rates for automakers that establish production facilities in the country to encourage greater use of locally sourced parts and raw materials, the finance minister said on Friday.• The ministry expects to submit the proposal to the cabinet by September, Ekni
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Kia to invest $649 million to bring electric car production to Mexico
MEXICO CITY, July 29 : South Korea’s Kia will produce and sell fully electric vehicles in Mexico, managing director for the company Horacio Chavez said on Wednesday. The car manufacturer will invest $649 million in Mexico, he added during President Claudia Sheinbaum’s daily press conference.The electr
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