FOX NEWS / DOW:
Thailand's vehicle production hit a record high level in October, while vehicle exports also surged significantly due to a low base of comparison from last year, the Federation of Thai Industries said Friday.
The on-year rebound in vehicle production and exports came after severe floods last year disrupted the operations of a number of automakers and led to plunging figures in October 2011. Tax incentives for first-time car buyers also prompted strong demand for vehicles, driving up production, the federation said.
Production increased to 252,165 vehicles in September, 8.4% more than in September and more than five folds from the same period last year, the federation said in a statement.