GM Plans to Pull Out of Australia, New Zealand and Thailand

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 from officials concerned over job losses.

  • Published 17 February 2020

DETROIT (AP) — 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 from officials concerned over job losses. The company said in a statement that it plans to 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… Read at AP News