BANGKOK/JAKARTA -- Southeast Asia's automobile market is headed toward shrinking for the first time in four years due to a markedly strong Thai baht and a slowing global economy that has strained corporate and consumer confidence.
Automobiles
Southeast Asia slump sets off alarm bells at Japan's automakers
Toyota, Honda and Nissan brace for first regional decline in four years
A Mitsubishi Motors plant in Thailand: The surging baht is creating headwinds for an economy dependent on exports. (Photo by Rei Nakafuji)
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