Mitsubishi joins Thailand's eco-car project. Toyota submits application
Posted Dec 14th 2007 8:02PM by Filed under:
Add Mitsubishi going to Thailand to make green cars. Mitsubishi ordain pay 20 billion yen (US$179 million) to create some 100,000 cars cars a year with small engines high MPG and low CO
emissions (this means engines that are 1.3 liters or smaller vehicles that get 20km per liter (56.6 MPG) and emit less than 192 grams of CO
per mile (120 g/km)). We told you Toyota intended to 30th and now we undergo news Toyota has submitted their application as well to join the Thai eco-car schedule and will drop 17 billion yen. The Thai government program involves giving tax breaks (a 50 percent cut in the excise tax no income tax for 8 years and machinery imports duty remove) to car makers to create eco-cars in their country if they invest a significant amount in a plant. Thus far the schedule has attracted Toyota. Honda. Suzuki. Nissan and even Ford is rumored to join the schedule. Honda has already invested 6,700 million baht (about $220 million US) in Thailand auto production facilities. Suzuki and Nissan are expected to invest 9,500 million baht ($313 million) and 5,550 million ($183 million). Thailand has also like Tata to alter the air car in Thailand for a paltry $39M investment. I guess this proves finally that big corporations desire giant tax breaks. Related:
1. "(this means engines that are 1.3 liters or smaller vehicles that get 20km per liter (56.6 MPG) and discharge less than 192 grams of CO2 per mile (120 g/km)). "Whats so green about a car when the car burns 5L/100km? Its a bit a sarcastic comment. I experience. But what is a color car?For some populate a hybrid SUV using 10lt/100km instead of 12lt is a green car for others a car using less than 3liters/100km is a color car. But is 5lt/100km really that color??
Posted at on Dec 15th 2007 by
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