Volkswagen seeks to set up first plant in Thailand | Bangkok Post: business

Business > News

Volkswagen seeks to set up first plant in Thailand

  • Published: | Viewed: 6,670 | Comments: 0
  • Newspaper section: Business
  • Writer: Post Reporters & Bloomberg
- +

Volkswagen AG, Europe's largest car maker, has applied to set up its first plant in Thailand to help narrow the gap with Toyota Motor Corp in Southeast Asia, people familiar with the matter said. 

The company, based in Wolfsburg, Germany, is seeking to participate in a government scheme offering tax exemptions for car makers investing at least 6.5 billion baht in local manufacturing, said the people, who asked not to be identified because a final decision has not been made.

Annual production must reach at least 100,000 cars in the fourth year after starting operations, and manufacturing must begin by 2019, in order to receive the incentives. The Ministry of Industry scheme includes vehicle assembly, components and engine production. Car makers had until March 31 to apply, according to a ministry statement from October.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments