Tuesday, February 22, 2011

Toyota opposes tax revamp

Toyota, Thailand's biggest automaker, reiterated yesterday it strongly opposed revamping the excise tax structure on the one-ton pickup truck and its variants.

"Toyota along with Isuzu and Mitsubishi disagrees with the tax restructuring that will add production costs to pickups and its variants, as these autos are performing well at the moment in both domestic and overseas markets," said Toyota Motor Thailand president Kyoichi Tanada.