Tuesday, January 17, 2012

REUTERS: Toyota confident in Thailand, invests despite flood

Toyota Motor Corp said on Tuesday it would spend 8.2 billion baht ($257 million) on investment in Thailand, showing its confidence in the Southeast Asian car sector hub despite floods last year that caused severe disruption to the sector.

The Japanese car maker is building a manufacturing plant at Gateway industrial park and restarting a production line at its Thai Auto Works (TAW) plant, where its Fortuners were produced, Kyoichi Tanada, president of the Toyota Motor Thai unit, told a briefing.