After Holden’s withdrawal from Australia, New Zealand and Thailand markets, General Motors will continue to exist in the Chinese and American automotive markets. The high profitability of the giant group in China ensures that it maintains its presence in that market. In the US, it’s not that bad with the situation.
Apart from this development, General Motors has agreed with the Great Wall Motor company of China on the sale of its production facility in Thailand. The giant group was producing Chevrolet for the Thai market at this factory. Thus, Chevrolet will be shot in Thailand market…
GM is becoming more dependent on the markets of America, China, Latin America and South Korea for the improvement of its global activities. The Group is accelerating the withdrawal from low or unprofitable markets, especially in Europe.
During a presentation in February, the Group’s Financial Affairs Manager, Dhivya Suryadevara, said that GM would go to restructuring its international operations and targeted single-digit medium profitability again with restructuring in low-margin markets outside of China.
Holden Ute pickup
GM CEO Mary Barra said, “We will focus and focus on the markets where we have the right strategies to achieve solid and strong returns. In particular, we will give priority to the investments that we will ensure growth. I said that we will do the right thing even if it is often difficult and this is one of them. ” GM was also shot in Vietnam, Indonesia and India. The group also left the 2015 Chevrolet from the European market and Russia in 2015.
(Reuters)
