Powertrain investment piling up in Thailand

Thailand's automotive industry is struggling, hit by declining domestic sales, which are down significantly year-on-year. The best that can be said for the local market is that the rate of decline has slowed. The year started with a 45.5% decline in January 2014; in October, the drop was 20.5%. In all, 70,761 vehicles were sold in Thailand in October, according to figures released by the Federation of Thai Industries (FTI).