FTI optimistic auto output will achieve new lower target

Quick Summary:

The Federation of Thai Industries (FTI) remains hopeful that car manufacturing output will reach the new lower target set for 2024, despite a significant drop in domestic car sales and exports in November, which seems to show no signs of abating.

Last month, the club decided to reduce the car production target to 1.5 million vehicles, down from 1.7 million, the lowest target seen since 2021.

The loan approval rate was just 3% of total loan applications in the third quarter during which non-performing auto loans rose by 22.8% from the corresponding quarter last year, said Mr Surapong.

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Article Details

Category: EconomyBusiness

Markets: ThailandChina

Topics: Million Target Vehicles Sales Units Fell Production Year-on-year November Quarter Exports

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-25 @ 05:53:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24651800

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