Thai vehicle parts makers are facing serious financial trouble as the impact of production cuts by major auto makers starts to take hold. The Federation of Thai Industries says the slowdown already is hitting Tier 3 and 4 suppliers, mainly local producers of microchips and electronic parts for vehicles. FTI Vice President Suparat Sirisuwannangkun tells the Bangkok Post most of the affected companies are small and medium-sized suppliers and some may have to start to lay off workers. The ...
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