cavanami Posted December 19, 2008 Report Share Posted December 19, 2008 Thai auto production likely to fall 20 percent next year: industry http://sg.biz.yahoo.com/081218/1/4kwss.html Thailand's car manufacturing production is likely to fall by 20 percent next year as the global economic crisis bites, the Federation of Thai Indus... Link to comment Share on other sites More sharing options...
Flashermac Posted December 19, 2008 Report Share Posted December 19, 2008 Thank God! Now if they'll ban imports of cars too, maybe the Bangkok traffic will improve and just become horrible. Link to comment Share on other sites More sharing options...
Torneyboy Posted December 19, 2008 Report Share Posted December 19, 2008 General Motors in Thailand said last month it would halt assembly for two months at its plant in the eastern province of Rayong and shed 250 staff due to slow demand as efforts by its struggling parent company to obtain a US bailout faltered. Happy Christmas.....not Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted December 19, 2008 Report Share Posted December 19, 2008 16% of Thailands gross national product comes from Thailand's car manufacturing industry. A 20% reduction means over a 3% drop in GNP just from this facet of manufacturing. Link to comment Share on other sites More sharing options...
Faustian Posted December 19, 2008 Report Share Posted December 19, 2008 But still condo prices go up....and the Baht is insanely strong. Link to comment Share on other sites More sharing options...
radioman Posted December 19, 2008 Report Share Posted December 19, 2008 You just have to wonder how long that house of cards can keep standing. Link to comment Share on other sites More sharing options...
cavanami Posted December 19, 2008 Author Report Share Posted December 19, 2008 General Motors in Thailand said last month it would halt assembly for two months at its plant in the eastern province of Rayong and shed 250 staff due to slow demand as efforts by its struggling parent company to obtain a US bailout faltered. Happy Christmas.....not Factor in the drop in tourism, exports and whatever...the equation does not equate to why the Thai baht remains strong??? Link to comment Share on other sites More sharing options...
Flashermac Posted December 20, 2008 Report Share Posted December 20, 2008 Doesn't require money to buy a car here though. Thais can put down about 20,000 baht and drive off in a new car - especially if they are civil servants. A proper ID is all it takes. Even more bizarre are the motorcycle shops with signs saying 0% down. Link to comment Share on other sites More sharing options...
Torneyboy Posted December 20, 2008 Report Share Posted December 20, 2008 Yes ..hard to fathom that ... Link to comment Share on other sites More sharing options...
tartempion Posted December 20, 2008 Report Share Posted December 20, 2008 0% down? yeah, I tried that on on them. Answer: you need to pay in 3 monthly terms of 25% plus 25% up front :hubba: Link to comment Share on other sites More sharing options...
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