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Honda to wait and see in Thailand

  • Honda (HMC +0.6%) says it will delay plans to build a $530M automobile manufacturing plant in Thailand as it waits for the political turmoil in the region to work itself out.
  • The automaker will hold off for at least six months on its project to see if automobile demand increases again in the nation.
  • Some analysts project auto sales in Thailand will drop 25% this year.
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