Honda Thailand lays the cornerstone for a TB17.2 billion ($547.9 million) assembly plant with annual production capacity for 120,000 vehicles. The new operation, which also includes an engine plant, mainly will produce subcompact models to meet increasing demand for such vehicles in Thailand and export markets including the Association of Southeast Asian Nations, Oceania, Middle East, Africa and Caribbean regions. Plans for the plant were announced in February. It will launch ...

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