Key Points
- GM will “wind down” its sales, design and engineering operations in Australia and New Zealand and discontinue its Holden brand in the region by 2021.
- The automaker also announced plans to exit Thailand, including withdrawing Chevrolet by the end of this year and selling a plant to Chinese automaker Great Wall Motors.
- GM CEO Mary Barra said the actions are part of the automaker’s global restructuring, which was initially announced in 2015, to concentrate on profitable markets.
General Motors (GM) retreats from Australia, New Zealand and Thailand
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Ant had a link to the story as well.