Ford to Move Its Philippine Plant to Thailand

According to Thailand industry minister, during a visit to Thailand, Ford president told that the group will move its Philippine production plant to Thailand, seeing Thailand as an automotive strategic production base for exporting cars to the world.

According to the minister, Ford president said the group plans to set the goal for car production in 2016 at 300 thousand units, which is higher than the goal of this year at 150 thousand units. Within the goal of this year, 120 thousand units are for export, and 30 thousand are for domestic sales in order to accommodate to the positive development of AEC. The car demand in ASEAN is expected to grow continuously, and the production base in Thailand will focus on export.