Toyota, Thailand's biggest car maker, plans to invest 12 billion baht in a new factory at Gateway 2 in Chachoengsao, touting a new eco-car as the first model.
Domestic demand for new cars will moderate as the government’s first-time buyer scheme ends, according to Mr Tanada. SOMCHAI POOMLARD
The plant will be fully operational by the third quarter of 2013 and have an annual capacity of 300,000 units a year, said Kyoichi Tanada, president of Toyota Motor Thailand.
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