SaysWho? Posted February 17, 2020 Share Posted February 17, 2020 https://time.com/5785145/gm-holden-australia-thailand/ Quote 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. Quote GM has a long history in Australia with the Holden brand, where cars were designed and sold in the U.S. and other markets. The 2008 and 2009 Pontiac G8 muscle car, for instance, was designed as a Holden Commodore and built in Australia. But GM said Holden’s market share, which was nearly 22% in 2002, fell to just over 4% last year. Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted February 17, 2020 Share Posted February 17, 2020 So where are they going to come instead? Quote Link to comment Share on other sites More sharing options...
Jason Posted February 17, 2020 Share Posted February 17, 2020 Just now, GeneticBlueprint said: So where are they going to come instead? Quote Link to comment Share on other sites More sharing options...
Rodimus Posted February 17, 2020 Share Posted February 17, 2020 So good for them understanding that success is not a guarantee and companies can come and go. They should be selling more electric cars. Quote Link to comment Share on other sites More sharing options...
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