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Thai factory output beats expectations in January but car output slump weighs

Summary by Channel News Asia

BANGKOK: Thailand's manufacturing production index dropped by a less than expected 0.85 per cent in January from a year earlier, helped by government stimulus measures amid a continued slump in car output, the industry ministry said on Friday (Feb 28). The MPI reading compared with a forecast fall of 2.55

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Business Times

Thai factory output beats expectations in January but car output slump weighs

4 days ago·Singapore

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Bangkok Post

Thailand weighs car trade-in scheme to revive sector

Thailand is in early discussions with carmakers to introduce a car trade-in and scrapping scheme in a bid to revive an industry hit by its biggest crisis in decades, three industry officials and two sources said.

5 days ago·Bangkok, Thailand

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Asia Financial

Thailand Discussing Trade-in Scheme to Revive Car Sector

Thailand has been discussing a trade-in and scrapping scheme with carmakers in a ploy to reinvigorate a sector hit by its biggest crisis in decades. Industry officials and other sources say the move comes as output in the Southeast Asian auto hub has plunged for more than a year and is now stuck with a flood of new Chinese EVs. The car sector has been rocked by a slowdown in exports and weak domestic sales, while tighter credit at a time of soar…

5 days ago

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Blue Water Healthy Living

Exclusive-Thailand weighs car trade-in scheme to revive sector, officials say

By Chayut Setboonsarng and Thanadech Staporncharnchai BANGKOK (Reuters) -Thailand is in early discussions with car makers to introduce a car trade-in and scrapping scheme in a bid to revive an industry hit by its biggest crisis in decades, three industry officials and two sources said. Output in the Southeast Asian automobile hub, besieged by a flood of new EVs, has plummeted for more than a year, following a slowdown in exports and weak domest…

5 days ago·Port Huron, United States

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