Recently the "Global Economic Melt Down", "financial crisis", or whatever you want to call it, has been taking its toll on the motor industry. While some automakers are attempting to seek government support to stay alive, all automakers are scrambling to find ways to cut costs and save money.
Unfortunately for fans of motor sport, this means less money is being directed towards motor racing. Honda's decision to withdraw from F1 set the scene. Up until then, much of the focus was on GM, Ford, and Chrysler. Honda's reason was simple: money.
Either there is an error in the article below, or Eco-Cars are going to be expensive. Taken from the Bangkok Post, the article below is mostly stuff you will have already heard about the Eco-Car project.
But it seems that this article does answer a question that many are interested to know: What will Eco-Cars cost? Or perhaps the best way to put it is: How cheap will Eco-Cars be?
As you scan down through the article you eventually meet this statement:
Thailand's small eco-cars will be selling in the range of $16,000 and up.
Suzuki Motor Corporation was one of the companies to submit an application to participate in the Thai Eco Car project, and now they are moving forward and have plans to build a plant in Rayong Province.
Production at the plant is expected to start in 2010.
Suzuki will invest USD 90 million in order to establish a manufacturing company in Thailand, and a further USD 287 million in the construction of the plant. The plant will create 1200 jobs.