''So far, we have not yet started talking with the seven eco-car makers even though some of them are our existing customers,'' said executive vice-president Apichart Lee-issaranukul.
However, the factory in Pathum Thani has ample capacity to support new car production of 200,000 units per year.
The Board of Investment has approved eco-car promotional privileges for six global manufacturers: Honda, Nissan, Suzuki Mitsubishi, Toyota and Tata.
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• Depreciation. This is a vehicle's loss in value over a defined period. Some vehicles depreciate faster than others because of oversupply, limited appeal or rebates on similar new models.
• Fuel costs. They can really add up, especially for SUVs. You could pay more than $10,000 to fill up a Dodge Nitro over five years, for example, while a more efficient RAV4 would cost $2,000 less.
• Interest. To obtain an estimate, assume a 15 percent down payment and use the average interest rate of 6.86 percent as reported by Bankrate.com in December to estimate the total charge.
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In a keynote address on the first day of the Motor Sport Business Forum Middle East in Bahrain, David Richards praised the countries of the region for the billions of dollars they have spent on infrastructure in recent years and hailed countries like the kingdom for realising the challenge was to build sustainable automotive industry to accompany their new circuits.
"The business model of a race circuit that could stand on its own and just be isolated and run a motor race without anything else around it is gone forever," he said.
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MARQUETTE -- As gas prices continue to soar and budgets are tightly squeezed, many of us are starting to steer toward more economical ways to get from Point A to Point B.
"Small car sales are very strong right now without a doubt," says Jim Grundstrom of Frei Chevrolet in Marquette. "They're actually very challenging to get from General Motors, because the demand is high across the country."
However, Grundstrom says don't write off the larger vehicles just yet. He says 57 percent of his monthly sales are still trucks and SUVs and attributes this to consumer needs here in the U.P. Many motorists tend to want vehicles that can haul things, like trailers; and with such long winters, the four-wheel drive does come in handy.
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