ASEAN KEY DESTINATIONS
Ford, Mazda pledge US$350 million
The investment in the plant of AutoAlliance Thailand (AAT) in Rayong will allow production of the new Mazda and Ford compact pickups to start in mid-2011.
The companies said the investment would support facility upgrades and supplier tooling. It would lift Ford and Mazda's total joint investment in AAT to $1.85 billion since it began in 1995. The investment will also include workforce training and development.
AAT exports Ford and Mazda pickups to 130 markets. In July 2007, it celebrated 1million units of production since manufacturing began in 1998.
A new passenger car plant opened in mid-2009 and is currently producing the Mazda2 and Ford Fiesta for sale in Thailand as well as for export to Asean and other markets.
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