Timeline: General Motors Streamlines Its International Operations - News Summed Up

Timeline: General Motors Streamlines Its International Operations


(Reuters) - General Motors Co is retreating from more markets outside the United States and China, saying on Sunday that it will wind down its Australian and New Zealand operations, while selling a plant in Thailand. Here's a timeline of its restructuring moves since 2010. February 2020* Announces that it would wind down sales, design and engineering operations in Australia and New Zealand and retire the Holden brand by 2021. * Signs a deal to sell its Thailand manufacturing plant to China's Great Wall Motor Co Ltd.* Announces that Chevrolet will cease domestic sales in Thailand by end of 2020. January 2020* Announces a deal to sell its Talegaon plant in India to Great Wall Motor, which follows sale of GM Technical Center India to Tata Consultancy Services in September, completing withdrawal from India.


Source: International New York Times February 17, 2020 04:30 UTC



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