Subaru begins production of made-in-Thailand SUVs for Southeast Asian market

BANGKOK: Tucked away in a nondescript industrial estate close to Bangkok's Suvarnabhumi Airport lies an assembly plant producing one of Subaru's best selling car models - the Forester.

Production started in March, and the plant aims to deliver more than 6,000 Subaru Foresters in its first operating year.Apart from customers in Thailand, cars made at the Bangkok plant will be exported to other Southeast Asian markets, in particular Cambodia, Vietnam and Malaysia, said deputy chairman and managing director of TCIL Glenn Tan.

"This strategic long term move will allow us to better manage our supply chain, widen our product line-up, localise better and be less dependent on supply from Japan," Mr Tan added."We will be better able to respond and meet consumer demand for Subaru vehicles in the region, and perhaps even beyond the region in future."

With an initial investment of more than 5 billion baht , the Bangkok plant will produce around 10,000 cars from 2020 onwards.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Declining US market ratchets up competition for SUV salesNEW YORK: Falling U.S. new vehicle sales through the rest of 2019 and into 2020 will bring more intense competition in the increasingly crowded ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »

Declining US market ratchets up competition for SUV salesNEW YORK: Falling US new vehicle sales through the rest of 2019 and into 2020 will bring more intense competition in the increasingly crowded ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »

Asian markets cautious ahead of major corporate earningsStocks were generally lower in Asian trade on Tuesday as investors move cautiously ahead of a deluge of corporate results later in the week.
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »

Asian markets cautious ahead of major corporate earningsStocks were mixed in Asian trade on Tuesday as investors move cautiously ahead of a deluge of corporate results later in the week.
Fuente: IndependentSG - 🏆 2. / 72 Leer más »

China's Huawei makes second attempt at Brazil smartphone marketChina's Huawei Technologies Co Ltd is making a second attempt at cracking the Brazilian smartphone market, the fourth-largest in the world, with ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »

Financial market 'pause party' makes Fed rate cut less likelyRisk-taking has been the rage since the Federal Reserve quit hiking interest rates at the end of last year. U.S. stocks are back near record highs ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »