Ford Motor Co is investing $900 million to upgrade factories in Thailand that build its Ranger pickup truck and Everest SUV, its largest-ever investment in the country.
Thailand is Asia's fourth-largest auto assembly and export hub, accounting for about 10% of the country's GDP and manufacturing jobs.sold its Thai factories to China's Great Wall Motor, which has begun producing SUVs and plans to make electric vehicles in the country.
has said it will invest $1 billion to $2 billion in an EV plant with Taiwan's Foxconn .Reporting by Chayut Setboonsarng in Bangkok; Additional reporting by Sayantani Ghosh in Singapore; Editing by Stephen Coates and Edwina GibbsSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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