Because of the government-imposed currency and foreign-investment curbs, automaker Ford could cancel its planned US$1 billion investment to build a new factory and upgrade existing facilities in Thailand. "[The coup and the economic measures] make it extremely difficult to do business in a globally competitive environment," said Steve Biegun, Ford's vice president for international government affairs. "What we need in our business is predictability." Ford will decide where to invest the earmarked US$1 billion in the first half of this year, Biegun said, citing China and India as alternative investment destinations.
Bloomberg
International Herald Tribune
Bloomberg
International Herald Tribune