VW confirms they applied to Thailand's eco-car program
Thailand's eco-car program is so popular, it might be easier for us to report to you who has not joined. VW confirmed Friday they joined after reports they submitted an application to the program in November. "We want to strengthen in South-East Asia," said the head of VW's office in Germany. The company reportedly plans to invest 27 billion baht (912 million dollars) in a plant near Bangkok. Volkswagen wants to double their output of cars from 3.4m vehicles last year to 6.5m by 2018. Once all seven companies (Toyota, Honda, Suzuki, Nissan, Suzuki, Tata, VW and possibly Ford) have received approval, it's rumored the investment in Thailand will total 60.17 billion baht (2 billion U.S. dollars). All that from a program for the production of cars that must get more than 57 MPG and emit less than 192 grams of CO2 per mile.
Related:
- Tata might join automakers with a green car plant in Thailand
- Mitsubishi joins Thailand's eco-car project, Toyota submits application
- Toyota likes free money, signs on to Thailand's eco-car plan
- Suzuki and Nissan benefit from Thailand's low taxes for building cleaner cars
- Low Taxes for Eco-Car Makers in Thailand
Reader Comments (Page 1 of 1)
rgseidl 11:10AM (1/08/2008)
Ergo: car makers are quite able and willing to build small, fuel-efficient cars for emerging markets where actual demand volume for their larger, more profitable models is anyhow expected to be light.
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