Toyota denied rumors of factories shutdown in China
Leading Japanese carmaker Toyota on Wednesday denied reports saying that it would temporarily close some of its factories in China amid strained bilateral ties.
Toyota to double engine capacity in Thailand by 2015
Toyota Motor Corp on Thursday announced the 40 billion-yen investment (approximately Bt16 billion) to expand its diesel engine manufacturing capacity in Thailand.
Toyota partly resumes production in three plants in Thailand
Toyota Motor Thailand Co., Ltd. on Monday partly resumed production of sedans and pickups at three plants after the worst Thai flooding in decades forced them to temporarily shut down in October due to supply chain disruptions.
Thai Floods May Shift Investments to Indonesia and Vietnam
Japanese companies, Thailand’s biggest foreign investors, may spend more to build factories in neighbors including Indonesia and Vietnam after the worst flooding in 70 years disrupted global production.
Flood shuts down 10,000 factories, 660,000 unemployed
Thailand’s worst flooding in memory has caused damage to almost 10,000 factories, forcing some 660,000 employees temporarily into unemployment, according to Deputy Industry Minister Suphap Kleekachai.
The Industrial Estate Authority of Thailand (IEAT) on Wednesday ordered the evacuation of all workers in the Ayutthaya Hi-Tech Industrial Estate due to possible flooding.
Thailand’s auto sales volume in May dropped 10 per cent compared to the same period last year as a result of the decline in production capacity of the Japanese automotive industry.
Thailand led Southeast Asia in total vehicle sales in 2010 with 800,357 units, compared with Indonesia’s 764,088 and Malaysia’s 605,156, industry association data show.
