- General
- Business
- Moodys's say
- Economy
- Bank and Finance
- Politics
- Energy
- World
- Environment
- Entertainmentt
- Sport
- Agro and Food
- Lifestyle
Thai auto parts avoid recall risks
By k on February 6, 2010
BANGKOK, 6 February 2010 (NNT) – Automobile parts manufacturers in Thailand have refused to develop as a first-tier supplier to reduce the risks of product recalls, according to the Thailand Automotive Institute (TAI).
TAI Director, Wallop Tiasiri, said most of Thai auto parts manufacturers were second-tier suppliers while most of the first-tiers in the country were multinational companies which would be affected most by recalls. However, he remarked that any recalls of automobiles by giant automakers would affect Thailand since the country was an important automobile manufacturing base of the world with more than 50% in export production.
In the case of the world recall of Toyota vehicles due to faulty accelerators, Mr Wallop said that even though the suppliers were responsible for the recall, Toyata’s January and February sales would definitely be affected because its assembly line had been temporarily stopped.
Any product recall in Thailand is under the responsibility of the Consumer Protection Board.
Related posts:
- Worldwide recall doesn’t affect the growth of Thailand’s automotive industry Bangkok, 3 March 2010 (NNT) – Following a massive global...
- THAI Executive Board chair resigns over excess luggage scandal BANGKOK, Jan 5 (TNA) – Thai Airways International (THAI) executive...
- Thailand-Russia to improve trade and investment partnership BANGKOK, 29 December 2009 (NNT) – Thailand and Russia aim...
- Auto export soars by 135% in May BANGKOK, 19 June 2010 (NNT) – The auto export in...
- Thai-Cambodian row blow to Thai tourism BANGKOK, 18 November 2009 (NNT) – Thailand’s trade and tourism...
Related posts brought to you by Yet Another Related Posts Plugin.
Readers Comments
Business News »
Loan clients urged to be well-prepared for higher finance costs
July 16, 2010
BANGKOK, July 16 – Loan customers, particularly small- and medium-size enterprises (SMEs), must have well-prepared business plans to cope with higher financial costs in the face of an upward interest trend, according to the Kasikorn Research Center (KRC), a leading Thai financial think tank. Kasikorn said that major domestic commercial banks had begun raising the [...]
Bank And Finance »
Commercial banks announce hikes in interest rates on fixed deposits
July 16, 2010
BANGKOK, 16 July 2010 (NNT) —Interest rates on fixed deposits and lending rates have been hiked by financial institutions following the hike in the policy rate by the Central Bank. Krungthai Bank has announced its fixed deposit interest rate hike of 0.25-0.35%, while key lending rates would be increased by 0.125-0.15%, effective today. Siam Commercial [...]
General News »
Summary of the 9th APEC Energy Meeting
July 12, 2010
Thai delegates led by Minister of National Resources and Environment, Suwit Khunkitti, along with international counterparts from 20 countries attended the 9th Asia-Pacific Economic Cooperation (APEC) Energy Ministerial Meeting in Fukui, Japan on 19 June 2010. During the summit, a speech on the “Low Carbon Paths to Energy Security: Cooperative Energy Solutions for a Sustainable [...]
Economy »
4 Govt agencies cooperate to promote Thai investment abroad
July 12, 2010
BANGKOK, 12 July 2010 (NNT) – The Office of Thailand Trade Representative (TTR) joins force with three financial institutions to promote Thai investments abroad, with operators in various business groups showing keen interest in the project. TTR along with SME Bank, EXIM Bank and the Government Pension Fund (GPF) announced their cooperation in credit support [...]
Energy »
Moody´s chops down PTT´s credit
June 29, 2010
BANGKOK, 29 June 2010 (NNT) – An international credit rating firm, Moody’s Investors Service, has lowered the creditworthiness of Thai petroleum giant PTT Plc from A2 to A3 with a negative outlook. Moody’s Investors Service has changed the local currency issuer rating for PTT Plc from A2 stable to A3 negative while the foreign currency [...]
Politics »
One month needed for Interpol consideration over Thaksin´s case
July 16, 2010
BANGKOK, 16 July 2010 (NNT) – A nod from the Paris-based international police intelligence-sharing association, Interpol, over case of self-exiled ex Prime Minister Thaksin Shinawatra should be known within one month. Police Maj-General Terdsak Rujirawong, Commander of the Royal Thai Police Foreign Affairs Division, said on Friday that an arrest warrant on terrorism charge issued [...]