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Major Thai Toyota Dealer Resumes Expansion.
Byline: Nareerat Wiriyapong
Jan. 8--Encouraged by a solid recovery in the automobile industry, SP International (SPI) has resumed the expansion of its car dealer business in a move to double the group's turnover to the pre-crisis level of almost 30 billion baht.
The major dealer of Toyota and Lexus cars is planning to open one car showroom each this year and the next in metropolitan areas, according to group chairman Chumpol Phornprapha.
Last month, SPI opened one showroom in Bangkok, its first since the financial crisis in 1997. It now has 11 showrooms, all in the capital. The investment cost per site, including land and building, is roughly ...
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