UPDATE 2-Honda plans new Thai compact car in 2007 -minister

Newswire

(Adds details of incentive scheme, Honda comments) By Trirat Puttajanyawong BANGKOK, March 19 (Reuters) - Honda Motor Co will invest an initial $167 million in a Thai production line to build a new compact car for 2007, a Thai minister said on Friday. The production line would have a capacity of 100,000 cars a year, Vice Industry Minister Vatchara Panchet told reporters after a meeting between Thai Prime Minister Thaksin Shinawatra and Honda President Takeo Fukui. That would nearly ...

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