Ford and affiliate Mazda will invest an additional 21 billion Baht ($US500 million) in their joint venture AutoAlliance Thailand (AAT) over the next several years to support new vehicle programmes and expansion of the plant’s capacity.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Within the next three years, AAT will launch new vehicles and invest in facility upgrades, additional tooling and engineering, as well as an expansion of the plant’s capacity to 200,000 units (both CBU and CKD), up from the current 135,000.
Industry data compiled by Ford indicate that the majority of global growth from 2004-2010 will be in Asia, and most of that growth will be in ASEAN, China and India. An integrated ASEAN is expected to reach 1.6 million vehicles in 2005 and 2.3 million by 2010. By 2005, ASEAN is forecast to be the sixth largest regional market after North America, Western Europe, Japan, China and South America.
