autopartswarehouse

Japanese Auto Makers to produce Environment-friendly Vehicles in Thailand

A recent report from The Nikkei showed that two big-time automotive companies from Japan have opted to generate environment-friendly vehicles in Thailand.

Mitsubishi Motors Corp and Toyota Motor Corp are intending to spread out its production faculty by establishing one in Thailand.  The two auto makers will start to produce around 100,000 units of ec0-convenient automobiles each year starting 2010.

According to a business daily in Japan, Toyota aims to invest approximately 17 billion yen, which is 151.83 million dollars.  The ideal total investment it foresees is around 20 billon yen.

The government of Thailand has made a decision of offering tax breaks to automotive companies that are able to generate eco-convenient automobiles that have 1.3L or even smaller gas engines.  Moreover, the tax breaks are applicable to vehicles that possess a fuel efficiency of 20 kilometers per liter.

Other auto makers such as Nissan Motor Co, Suzuki Motor Corp, and Honda Motor Co have already been allowed to implement their production efforts in Thailand.  They intend to start the production in 2010.