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Nissan gives Thai operation a facelift.
Byline: Santan Santivimolnat
Jul. 3--Nissan is gearing up for a major push in the Thai automobile market by investing more than US$250 million (10 billion baht) in Siam Nissan Automobile Co over the next five years to expand its production capacity and broaden its vehicle lineup as part of its new mid-term business plan.
Nissan Motors Co, Japan's second largest automaker, hopes the cash injection will help turn its Thai unit into a fully competitive, top-class car company with strong profits and a tier-one brand.
"Thailand offers us great potential for growth and given the right investment conditions, it could also present us with a strong base ...
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