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Thailand production slump threatens Japanese automakers

Output declines for 4 straight months through August as regional market sputters

Workers at a Toyota plant in Thailand assemble pickup trucks.   © Reuters

BANGKOK -- Thailand's automobile output shrank for four straight months through August, an industry group reported on Sept. 17, as a result of weakened domestic spending and downward pressure on exports that could spell trouble for Japanese automakers.

Overall auto production last month shrank 8% on the year to 166,361, the Federation of Thai Industries reported. This follows data from June that shows auto purchases dipped below the year-earlier number for the first time in 30 months. Sales in July receded by 1%.

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