NEW WORLD ORDER US Automakers Tap Thai Banks
A lesson learned from the recent GFC (global financial crises) was that clearly Asia led the world's recovery. And for many this is best illustrated in the statement “Asia is not emerging, Asia has arrived.”
You need to look no further to US automobile markers Ford and General Motors who are increasing production capacities with an eye to export not only in the region but the Middle East, Australia, and Africa.
Ford is moving toward construction of a THB 19.8 billion baht plant here and is local financing in place. While General Motors has taken a think global but act locally plan and are working with such premium financial partners as Siam Commercial Bank and Bangkok Bank.
As debt and equity continue to hover on the sidelines in the US and Europe, the possibility of more global organizations increasing their Asian focus in order to 'tap into the money source' appears to be a growing reality.