US Car Manufacturers and Global Giants to Invest in Thailand

In a significant boost to Thailand's economic growth, three prominent US car manufacturers have announced plans to increase their investments in the country. According to Thai trade representative Kiat Sithiamorn, Ford Motor Company, General Motors, and Chrysler aim to invest at least 10 billion baht (approximately 297.53 million USD) each in Thailand. Additionally, Coca-Cola Company plans to expand its business operations in Thailand by allocating at least one billion baht (approximately 29.75 million USD) more. The announcements were made during a luncheon roundtable organized by Thailand's Board of Investment, where top US CEOs had a chance to discuss investments in Thailand directly with the Prime Minister.

Key Takeaways:

Three US car manufacturers – Ford Motor Company, General Motors, and Chrysler – plan to invest at least 10 billion baht (297.53 million USD) each in Thailand.
Coca-Cola Company will allocate at least one billion baht (29.75 million USD) to expand its business operations in Thailand.
Cargill has expressed interest in establishing a regional center to distribute agricultural products in the region.
Thailand's Board of Investment organized a luncheon roundtable for top US CEOs to discuss investments directly with Prime Minister Abhisit Vejjajiva.
US investors' confidence in Thailand's government support for foreign investments has increased, with the Prime Minister signaling continued support.
Thai Prime Minister Abhisit Vejjajiva will attend the 64th Session of the U.N. General Assembly and the G20 Summit in Pittsburgh from September 21 to 27.

Statistics:

10 billion baht (297.53 million USD) minimum investment planned by each of the three US car manufacturers.
1 billion baht (29.75 million USD) additional allocation by Coca-Cola Company to expand business operations in Thailand.
Today's date: September 23, 2009 (Source: comtex via Xinhua)
64th Session of the U.N. General Assembly: September 21-25, 2009 (Source: Xinhua)

Sources:

Thai trade representative Kiat Sithiamorn (Comtex via Xinhua)
Thai Rath Online (Comtex via Xinhua)