Motown East; GM investment widens Thailand's lead in automobiles
Article Abstract:
General Motors Corp (GM) announced plans in May 1996 to invest $750 million in an automobile assembly plant near Bangkok, Thailand. The new plant will fortify the position of Thailand as the automobile manufacturing hub of Southeast Asia. GM is seeking to increase its share of the Asian automobile market from 5% in 1996 to 10% by 2000. Ford Motor Motor and Chrysler Corp also have operations in Thailand as do major European and Japanese manufacturers. The increasing amount of production capacity is expected to result in intense price competition by different manufacturers.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Do or die
Article Abstract:
A stagnant domestic market and rising wages have prompted South Korea's automobile manufacturers to shift production abroad. Kia Motors Corp, Hyundai Motors and Daewoo Motors are investing billions of dollars in assembly plants across Asia to build cars in the markets where they will be sold. The South Korean strategy is to undercut the prices of Japanese competitors by assembling the cars in local markets. Other manufacturers from the US and Europe as well as from Japan plan to increase Asian production which suggests future price wars stemming from overcapacity.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Right is right: U.S. auto giants finally learn Japanese road rules
Article Abstract:
The largest US car makers are finally emphasizing right-hand-drive cars in the Japanese market, compared to the left-hand ones they sell at home and have long marketed in right-side-driving Japan. That may help turn around the huge trade imbalance in cars between the two countries, which favored Japan by $23 billion in 1994. It will let General Motors, Ford, and Chrysler compete in the mid-priced car segment, rather than the up-market niches. The yen's strength also favors US car makers by lowering their prices.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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