Comment on GM to pull out of Australia, New Zealand and Thailand

GM to pull out of Australia, New Zealand and Thailand

DETROIT – General Motors decision to pull out of Australia, New Zealand and Thailand as part of a strategy to exit markets that don’t produce adequate returns on investments raised dismay Monday from officials concerned over job losses. The company said in a statement Sunday that it plans to wind down sales, engineering and design operations for its historic Holden brand in Australia and New Zealand in 2021.

 

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