Suzuki and Nissan benefit from Thailand's low taxes for building cleaner cars
We already announced this for Toyota and for Honda, and now it's time for Suzuki and Nissan: Thailand is giving significant tax incentives for automakers who decide to build cars that are considered respectful to the environment. To be eligible for the tax incentives, a company must, first of all, be building vehicles that get better than 56.5 mpg (5 l/100 km) and produce less than 192 grams of CO2 per mile (120 g/km).
According to our source news, Thailand is the most important producer of SUVs and pick-ups for Japanese companies, hence the government's interest in making these companies build greener vehicles. The picture above shows Nissan's current flagship in Thailand, the Navara pick-up.
The plan is working. Honda, for instance, has already invested 6,700 million baht (about $220 million US) in Thailand auto production facilities. Expected investment figures for Suzuki and Nissan are, respectively, 9,500 million baht ($313 million) and 5,550 million ($183 million). These new two plants could produce up to 138,000 Suzukis and 120,000 Nissans per year.
[Source: Finanzas.com via Econoticias]
[Edited: The plural of baht is baht (thanks to Snark for the correction)]
Reader Comments (Page 1 of 1)
Viriya Boakham 10:31PM (2/27/2008)
Someone should come up with a piece of something to install into old cars and help save fuel. It'll help to the economic and environment even more. If there is something like that it'll sell very fast.
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Snark 12:14PM (12/09/2007)
Uh, the plural of "baht" is "baht." One baht, twenty baht.
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