GM plans to pull out of Australia, New Zealand and Thailand

FILE - This Jan. 27, 2020, file photo shows a General Motors logo at the General Motors Detroit-Hamtramck Assembly plant in Hamtramck, Mich. GM is 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, Feb. 17.

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. “We are pursuing a niche presence by selling profitable high-end imported vehicles supported by a lean GM structure,” International Operations Senior Vice President Julian Blissett said in the statement.

Same shit, different day.

US Automakers are garbage. Give 5 years loans to anybody to float their product. Another bubble in the making.

They buy Japanese vehicles, far superior and better equipped.

The other two nations are OCED, developed nations with less than 40 million inhabitants including children - wonder why they don't accept to leave peacefully with neighbours & aren't aware that they are not worth being consultedf where profits are being considered.

Bye Holden. Ford finally won 🤣

This is how you go out of business big time, a lesson learned too late by a lot of companies.

Sad to see a company decline through years of poor management, bad investments and design flaws. Australasia & Thailand remain good markets (if you have a decent product and organization ).

Boycott these pricks

Unemployment Duebto Trump’s Steel Tariffs! Trump’s Ruining the Worlds Economy! IGNORANT POS That Knows Nothing about Economy! 13 Bankruptcies ! US is Next! .Politico MSNBC HuffPost MotherJones

Holy mo. Terrible news.

We bailed you out...where is our investment? (The citizens of the USA)

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