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Oct 27, 2016

FOTON * China: To make trucks in Thailand

* Bangkok - Pickups set to be launched in November

--- China's car and truck maker Beiqi Foton Motor has made a foray into the Thai automotive market by setting up a wholly-owned subsidiary to handle sales and production of Foton's pickup trucks, passenger pickup vehicles (PPVs) and passenger cars in Thailand... According to Mr Chao, the parent firm has recently signed a memorandum of understanding with Bangchan General Assembly Co (BGAC) to produce Foton's pickup trucks, PPVs and passenger cars to be sold to domestically... Production is scheduled to begin next month with a maximum capacity of 10,000 units a year... The automotive industry club of the Federation of Thai Industries forecast that domestic sales will stay at 750,000-780,000 units this year, down by a range of 2.5% to 6.2%, with exports rising 1-3% to 1.22-1.25 million units... Mr Chao expects to sell 3,500 vehicles in 2017 and 6,000 in 2018... 
(Photo: Mr Geng Chao, president of Foton Automobile said "Foton is confident of its product quality and technology, as well as its world-class components")   --  Bangkok, Thailand - The Bangkok Post, by PIYACHART MAIKAEW - 25 Oct 2016

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