Bank failures could hurt local auto sales, says Federation of Thai Industries
Automobiles are showcased at the Bangkok International Motor Show 2023, currently taking place at Challenger halls, Impact Muang Thong Thani. The event runs until April 2 and is expected to boost domestic car sales. (Photo: Pattarapong Chatpattarasill)
Domestic car and motorcycle sales may bear the brunt if Thai financial institutions are affected by the risk of failed banks in the US and Europe, says the Federation of Thai Industries (FTI).
The concern was raised after US and European banking executives and regulators stepped in to save California-based Silicon Valley Bank, New York-based Signature Bank and 167-year-old…
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