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Business

Thai auto industry struggles to end 2-year slump

BANGKOK -- The trouble keeps mounting for Thailand's auto industry, which recently saw new vehicle sales drop for the 25th consecutive month.

     New car sales in May dropped 18% on the year to 56,942 units, partly due to political chaos crimping consumer spending. The turmoil in Thailand is a big concern for foreign automakers as well, including leading Japanese manufacturers that largely count on Thailand for the production capacity.

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