Uptick in exports doesn’t offset domestic sales slump.
The military seizes power in a coup in Thailand after six months of political crisis and, not coincidentally, the auto industry reports April production crashed to its lowest level in 28 months and sales also plunged last month. The Federation of Thai Industries’ Automotive Industry Club reports vehicle sales tumbled 33.2% to 73,242 units, while production plummeted 25.6% to 126,730 units. The government’s National News Bureau cites the prolonged political instability and the end ...
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