The Bangkok Post reports that Toyota will likely relocate its worldwide one-ton pick-up truck production base to Thailand after the Board of Investment (BoI) agreed to relax investment conditions for the automobile sector, according to industry sources. To pave the way for Toyota's 27-billion-baht project ($613 million) and other large investments, the BoI decided on Friday to ease its investment promotional rules and introduce more incentives for auto assemblers and parts producers.