October 14, 2008
Bangkok - Next year’s auto exports would grow by 8% while the export value would rise by 9.9%, according to the Kasikorn Research Center.
It was previously expected that the auto exports would increase 14% while the export value would hike 17%.
The lower auto exports and export value would somehow hold back the country’s masterplan to raise the auto capacity to two million units by 2011.
Car companies have to adjust themselves to cope with the financial crisis in the United States.
The financial crisis possibly affects the currency exchange and manufacturing costs.
Auto firms may not be able to raise their auto prices because of weakened economic condition.
