Thailand’s Board of Investment approves Toyota Motor Corp.’s 43 billion baht ($1 billion) plan to make the country its global production base for Hilux pickup trucks. Some 21.6 billion baht ($504 million) will be spent on expanding an auto assembly plant. Another TB3.3 billion ($77 million) is for Toyota's machine production plant and TB18 billion ($420 million) will be used to expand parts production. (see related story: Toyota Proposes Thai Expansion Plan) "This project is a ...

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