Toyota Thai units in joint-venture with Thai Rung

Newswire

BANGKOK, Jan 19 (Reuters) - Thai units of Japanese car maker Toyota Motor Corp have set up a joint venture with Thai Rung Union Car PCL to design and develop special purpose vehicles. Thai Rung said in a statement to the Stock Exchange of Thailand the new company, Thai Auto Conversion Co, would be 70 percent owned by three Toyota subsidiaries and 30 percent by Thai Rung. The new company, with an initial registered capital of 75 million baht ($1.9 million), would produce special vehicles ...

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