Thailand Mulls Ways To Aid Auto Sector, GM's Thai Operations - Min
20 February 2009 - 7:24PM
Dow Jones News
Thailand's government is looking for ways to provide aid to its
auto industry, including the local operations of liquidity-squeezed
General Motors Corp. (GM), Finance Minister Korn Chatikavanij said
Friday.
The Thai government is aiming to provide assistance to the local
auto industry, including parts producers, not just for any one
company, said Korn.
He didn't elaborate on what sort of aid the government is
contemplating to help shore up the domestic auto industry.
The Thai unit of General Motors said Wednesday it is seeking the
Thai government's support to facilitate funding for its investment
in a THB15 billion ($426 million) diesel-engine and one-ton pickup
project.
-By Bangkok Bureau, Dow Jones Newswires; 662-266-0744;
djnews.bangkok@dowjones.com