Ford to maintain Thai investment despite baht's strength
Ford Motor has expressed a commitment to maintaining its investment in Thailand despite the baht's appreciation.
Alan Mulally, president and CEO of Ford Motor Company, said this week that the US giant would not relocate its manufacturing facility from Thailand despite the continuous strengthening of the currency.
“The current strong baht has not had any effect on the investment of Ford in Thailand, and we have no plan to relocate our production from Thailand. We have been in Thailand for 15 years. The company last year invested about Bt14 billion into its Ford Thailand Manufacturing [FTM] plant in Rayong province,” he said.
