The Thailand Supreme Court has upheld a ruling that the local unit of Toyota Motor Corp owed the government 10 billion baht (272.11 million USD) in extra taxes for importing components not subject to a reduced tariff.
Hyundai Motor Co and its affiliate Kia Corp recorded robust on-year sales growth in Vietnam and Indonesia in the first half of 2022, delivering strong performances in the markets traditionally dominated by Japanese automakers, reported YONHAP news agency.
Japan’s Toyota Motor Corp. has suspended operations at all its three plants in Thailand through July 28 due to a shortage of parts, as the latest COVID-19 outbreak has forced an auto parts plant in the country to shut down, Kyodo News reported.
Japanese trading house Toyota Tsusho Corp. is acquiring an equity stake in ATP30 Public Co., a commuter bus operator for industrial estates in Thailand, to promote smart mobility for its services.
Car maker Hyundai Motor Co. of the Republic of Korea (RoK) will set up a joint venture with Vietnam’s Thanh Cong group to boost sales in the emerging market, according to Yonhap news agency.
Toyota Motor Corp on July 25 forecast that overall vehicle sales in Thailand will rise 12 percent against the previous year, much higher than the 3 percent estimated in January.
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