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BoI approves Honda plan.
- Article from:
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Bangkok Post (Bangkok, Thailand)
- Article date:
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October 2, 2007
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Copyright informationCOPYRIGHT 2007 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oct. 2--The Board of Investment yesterday approved a 6.7-billion-baht investment proposal by Honda Automobile (Thailand).
The Japanese automaker plans to spend 3.8 billion baht to expand existing facilities, as well as 2.9 billion for a new eco-car production line that can make up to 120,000 units per year.
The eco-car programme offers special incentives to carmakers producing cars with engines of up to 1,300cc and fuel consumption of less than five litres per 100 kilometres. Cars also must meet the Euro 4 emissions standards, which limit carbon dioxide to 120 grammes per kilometre.
At least half of Honda's eco-cars would be marketed locally with the rest exported ...