Monday, September 1, 2014

Thailand set to approve Volkswagen factory

Via Straits Times:

FRANKFURT (Reuters) - Thailand is set to approve the construction of a Volkswagen factory near the port of Bangkok, German daily Frankfurter Allgemeine Zeitung reported, citing the Thai investment authority BOI.

A decision from the authority could come as early as next week, the paper said on Monday.

The investment, under Thailand's "Eco2" programme, would secure tax and customs advantages for Volkswagen if it builds fuel efficient cars, provided the factory produces more than 100,000 vehicles and comes on stream by 2019.

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