Ford Motor Co.’s factories in Thailand are capable of producing eight times more vehicles than it sells locally. With help from a Thai government program, the automaker plans to make sure the excess capacity doesn’t become a liability like at its plants in Europe.
The Chinese auto industry is overdue for consolidation and General Motors Co., with local partner SAIC Motor Corp., is interested in acquiring ailing automakers, according to four people familiar with the companies’ thinking.
Bayerische Motoren Werke AG , the world’s largest luxury carmaker, Volkswagen AG ’s Audi unit and Daimler AG are countering sales at home by selling more cars in China even as industrywide demand cools in the world’s largest automarket.
Oversea-Chinese Banking Corp., Singapore’s second-biggest bank, will report fourth-quarter earnings during the lunch trading break today. Its net income is expected to have climbed to S$558 million, according to the average estimate of seven analysts compiled by Bloomberg. That compares with S$502 million a year ago.