(DETROIT) — General Motors says it’s pulling out of Australia, New Zealand and Thailand as part of a strategy to exit markets that don’t produce adequate returns on investments. The company said in a statement Sunday that it will wind down sales, engineering and design operations for its historic Holden brand in Australia and New Zealand in 2021. It also plans to sell its Rayong factory in Thailand to China’s Great Wall Motors and withdraw the Chevrolet brand from Thailand by the end of this year. GM has 828 employees in Australia and New Zealand and another 1,500 in Thailand, the company said. CEO Mary Barra says the company wants to focus on markets where it can drive strong returns.
Gm Is Pulling Out Of Australia, New Zealand And Thailand
Tom Krisher / AP, Time
Sun, 02/16/2020 - 9:33pm
Topics: general motors rayong china s great wall motors chevrolet ceo mary barra japan russia europe ldquo;we international operations senior vice president julian blissett the detroit pontiac g8 holden commodore but gm gm president mark reuss asia it s international operations china detroit australia zealand thailand holden china gm the u.s holden gm company year markets brand statement don vehicles selling million investments niche designed sales returns countries continue plant market employees production support
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