Thailand auto sales to rise 38.5 pct in 2012 -Toyota

Newswire

BANGKOK, Jan 17 (Reuters) - Toyota Motor Corp's Thai unit expects Thailand's auto sales to rise 38.5 percent to 1.1 million in 2012, recovering from a drop of 0.8 percent last year when the sector was hurt by flood-related supply disruption. The car maker planned to spend about 8.2 billion baht ($257 million) to open two new plants in Thailand, where demand is expected to be strong due to the government's stimulus measures, Toyota Motor Thai unit said in a statement. Toyota expected its own ...

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