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Thailand Pickup Truck Maker Seeks New Capital for Production.
Byline: Yuthana Praiwan
Mar. 13--Debt-ridden Siam VMC Automobile Co, the country's sole maker of locally branded one-ton pickup trucks, is struggling to resume production at its Chachoengsao plant and is asking the Industry Ministry for assistance.
President Wiwat Praepriwngam yesterday submitted a letter to Industry Minister Somsak Thepsuthin seeking support from the minister to find strategic partners or sources of capital to help the company resume production.
"I realise that the auto industry is just one among a number of strategic industries that receive full support from the government. But the project is wholly owned by Thai investors," ...
- Thailand Pickup Truck Maker Seeks New Capital for Production.
- Newspaper article from: Knight Ridder/Tribune Business News March 13, 2003 700+ words
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