The Thai government says a proposed rescue plan should help the local automotive industry maintain capacity utilization of at least 70% and save up to 40,000 jobs. The Industry Ministry’s bailout package includes soft loans for auto and auto-parts makers, excise tax cuts to help reduce retail car prices by up to 50,000 baht ($1,407) and funds of up to TB5,000 ($140) per industry worker for training. The Bangkok Post quotes an unnamed Industry Ministry official as saying the size of the ...
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