General Motors Thai unit has lowered its production target for 2009 due to weakening economic conditions.
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The production target has been revised from 50,620 units to 45,000, General Motors (Thailand) public relations director Sasinan Allmand told Dow Jones Newswires on Friday.
“This is the latest adjustment, to be in line with low demand… the figure is pretty much settled now,” added Sasinan.
GM built 104,461 vehicles at its Rayong plant last year, primarily light pickup trucks.
“We hope the government will implement measures to stir (domestic) demand,” Sasinan told Dow Jones, which noted that the unit has axed about 790 workers so far this year, now employing almost 2,000.
The company wants Thai government help finding funding for planned investment in a THB15bn (US$424m) diesel engine and one-tonne pickup project.
“We expect to finalise [loan details] by the end of this year,” Sasinan told the news agency.
