BANGKOK -- The Federation of Thai Industries on Monday lowered the country's annual auto production outlook for the second time this year, now estimating 1.5 million units because of stricter requirements for auto loans.
Automobiles
Thailand auto output forecast cut for a second time
Tighter loan criteria led to downgrade amounting to 18% year-on-year decline
Thai auto production will slow in 2024 under the Federation of Thai Industries' new forecast. (Photo by Ken Kobayashi)
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