Suzuki agrees to sell Thai assembly plant to Ford

Suzuki Motor has agreed to sell its vehicle assembly plant in Rayong, Thailand, to US automaker Ford Motor, according to local reports, as the Japanese automaker looks to reduce costs and streamline its global operations amid intensifying competition from Chinese automakers. The 65,000 sq m plant, located on a 66 hectare plot adjacent to Ford Thailand Manufacturing Company’s (FTM) existing vehicle production facility in the Rayong free trade zone, began operations in 2012 with an annual production capacit ...