Advertisement
UK markets closed
  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     
  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     
  • AIM

    789.87
    +6.17 (+0.79%)
     
  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     
  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     
  • Bitcoin GBP

    48,672.40
    -1,551.02 (-3.09%)
     
  • CMC Crypto 200

    1,260.80
    -97.21 (-7.16%)
     
  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     
  • DOW

    39,512.84
    +125.08 (+0.32%)
     
  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     
  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     
  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     
  • DAX

    18,772.85
    +86.25 (+0.46%)
     
  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     

Timeline: General Motors streamlines its international operations

The GM logo is pictured at the General Motors Assembly Plant in Ramos Arizpe

(Reuters) - General Motors Co <GM.N> is retreating from more markets outside the United States and China, saying on Sunday that it will wind down its Australian and New Zealand operations, while selling a plant in Thailand.

Here's a timeline of its restructuring moves since 2010.

February 2020

* Announces that it would wind down sales, design and engineering operations in Australia and New Zealand and retire the Holden brand by 2021.

* Signs a deal to sell its Thailand manufacturing plant to China's Great Wall Motor Co Ltd <601633.SS>.

* Announces that Chevrolet will cease domestic sales in Thailand by end of 2020.

ADVERTISEMENT

January 2020

* Announces a deal to sell its Talegaon plant in India to Great Wall Motor, which follows sale of GM Technical Center India to Tata Consultancy Services <TCS.NS> in September, completing withdrawal from India.

October 2019

* Announces withdrawal of Chevrolet from Indonesia's domestic market by the end of March 2020.

End 2018

* Ceases manufacturing in Vietnam with sale of operations to Vinfast.

* Appoints Vinfast as Chevrolet distributor in Vietnam and licenses small car to the Vietnamese group to product and sell under Vinfast brand.

2017

* Sells South and East African operations to Japan's Isuzu Motors <7202.T> and ends sales in India.

* Sells Opel/Vauxhall and GM Financial's European operations to PSA Group <PEUP.PA>.

2015

* Largely exits Russia market; announces it will cease production of GM-branded cars in Indonesia.

2013

* Announces Chevrolet's exit in Europe by 2015, and ceasing manufacturing and engineering in Australia by 2017.

2012

* Closes its Bochum, Germany assembly plant and sells its Strasbourg, France transmission operations.

2010

* Closes its Antwerp, Belgium assembly.

(Reporting by Miyoung Kim; editing by Richard Pullin)