General Motors to wind down Australia, New Zealand operations, sell Thailand plant via HilaryRuss
) is retreating from more markets outside of the United States and China, saying on Sunday that it will wind down sales, design and engineering operations in Australia and New Zealand and retire the Holden brand by 2021.
In rearranging its global operations, GM is accelerating its retreat from unprofitable markets, becoming more dependent on the United States, China, Latin America and South Korea. With the proposed sale of its Thailand plant to Great Wall, GM is giving up an opening to expand its operations in Southeast Asia.
In 2017, Barra sold GM’s European Opel and Vauxhall businesses to Peugeot SA and exited South Africa and other African markets.
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