Retail in Asia

In Sectors

Ford, Mazda pledge USD350m for expansion in Thailand

Ford Motor Company and Mazda Motor Corporation are investing USD350 million in their 50:50 joint venture in Thailand to support the production of the next generation of pickup trucks.

The investment in the plant of AutoAlliance Thailand in Rayong city will enable production of the new Mazda and Ford compact pickups to start in mid-2011.

(Source: Bangkok Post)