A Toyota Thailand executive says the year-to-date sales downturn shows the economy has not fully recovered and both residential and business customers remain cautious about investing and spending. But he says the June outlook is stable....More
The government began trying to collect the money in 2012, but Toyota launched an appeal in which the two sides disagreed on the interpretation of a clause in the free-trade agreement between Thailand and Japan....More
The Bangkok Post reports the poor first-quarter result prompts the Federation of Thai Industries to back away from its January forecast of a 14.4% surge in production and instead predict output will drop for a third straight year....More
Toyota Thailand President Kyoichi Tanada predicts the market will recover from last year’s 33.7% plunge with sales rising 4.3% to 920,000 units, including a 7.4% climb in car deliveries to 397,200 and CVs up 2.1% to 522,800....More
Designed and engineered in Wolfsburg with input from U.S. staff, the Atlas evolved from VW’s 2013 CrossBlue concept and is starting to roll off the line in Chattanooga, TN. The automaker invested $900 million at the plant for the Atlas launch.