China’s Great Wall Motor to purchase General Motors’ Thailand car plant

On Monday, China’s Great Wall Motor stated it had signed a binding agreement to purchase General Motors’ car plant in Thailand.

General Motors is retreating from markets outside of the United States and China and is winding down designs, sales and engineering operations in countries including New Zealand and Australia.

In a statement Great Wall said, it expects to complete the transaction by the end of 2020.

GM is rearranding global operations.

Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

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