Wednesday, April 27, 2011

THAI VEST: Thai auto output to be cut by 150,000 units


Thailand’s vehicle output from April through June could be slashed by as many as 150,000 units, leading to a Bt75billion loss in revenue, as all carmakers have to run at half capacity because of the disruption in the supply of parts from Japan.
Wallop Tiasiri, director of the Thai Automotive Institute, said the revenue loss was based on the average carprice estimate of Bt500,000 a unit, and this would be shared by carmakers and local parts suppliers.