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Shoring up the auto sector

Bangkok Post LogoBangkok Post6h ago

Shoring up the auto sector - Bangkok Post

Quick Summary:

The recent announcement by the Board of Investment (BoI) that Nissan Motor Thailand will maintain its investment here, following news reports that the parent company plans to close three factories overseas, is reflective of changes in the Thai automotive industry.

"We are concerned Thailand will no longer be a top 10 automotive manufacturer and the industry may eventually lose its competitiveness," said Mr Surapong.China ranked No.1 in 2023 with a total output of 26.1 million vehicles, according to Statista.

Thailand ranked 10th globally for vehicle production in 2023 and fifth in Asia, but the nation will struggle to maintain those positions if the automotive sector continues to sag this year, said the Federation of Thai Industries (FTI).

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 06:10:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1766 words

Reading Time: 10 minutes read

Sentences: 69 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 26359084

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About Bangkok Post

Bangkok Post Logo

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 11 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 4 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

Publisher Details

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The story "Shoring up the auto sector" has 1766 words across 69 sentences, which will take approximately 8 - 15 minutes for the average person to read.

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The story "Shoring up the auto sector" was covered 6 hours ago by Bangkok Post, a news publisher based in Thailand.

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Bangkok Post is a fully independent (privately-owned) news outlet established in 1946 that covers mostly economy and business news.

The outlet is headquartered in Thailand and publishes an average of 11 news stories per day.

It's most recent story was published 4 hours ago.

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  • News ID: #26359084
  • URL: https://chronographically.beamstart.com/news/shoring-up-the-auto-sector-17403549486537

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