But that is still only about a fourth of Thailand's. The lack of an extensive network of components makers is also a drawback. But while the Thais are eager to host the GM plant in order to lessen their dependence on Japanese makers, they are not bending over backwards to get it. We have Toyota producing the most vehicles here. We have Nissan and Mitsubishi, Ford and Mazda.
Manila is prepared for disappointment.
There will be other opportunities. GM predicts that Asia's car market will match that of the U.S. at nearly 16 million vehicles a year by 2005. But Thailand seems to be the prime destination of the world's carmakers. Chrysler began making Cherokee Jeeps last year. Malaysia may emerge as a global carmaker, but it is clear that Thailand will get there first.