Transportation Vehicle Production Drops 12% in Q1

TAIPEI, Taiwan - The production value of Taiwan's transportation vehicle industry declined to NT$120.9 billion (US$3.72 billion at NT$32.5:US$1) in the first quarter of 2006, down 12 % from the same period of the previous year, according to statistics released by the Industrial Economics and Knowledge Center's (IEK's) Industry and Technology Intelligence Services (ITIS) project. ITIS is sponsored by the Department of Industrial Technology under the Ministry of Economic Affairs.