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Oct 16, 2014

TRUCKMAKERS NEWS WORLDWIDE* Thailand: Volvo's

* Thailand - Volvo: Trucks ready to roll again

Bangkok,Thailand -Bangkok Post, by Piyachart Maikaew- 14 Oct 2014: -- Thailand's heavy-duty truck market is expected to recover next year to 25,000 to 28,000 units, boosted by improving economic prospects and muted political conditions...  "The market's demand depends mainly on economic growth, increasing population and logistics expansion," said Jacques Michel, president of Volvo Group (Thailand)... Volvo forecasts overall truck sales in Thailand will reach 17,000 to 20,000 units this year, down from 30,000 vehicles last year... Volvo, the sole distributor of Volvo and UD trucks, spent 2 billion baht in 2009 to expand annual production capacity to 4,500 Volvo trucks and 20,000 UD trucks...

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