General Motors (GM) announced it will stop selling Chevrolet vehicles in Thailand and sell its Rayong plant to Great Wall Motors (GWM) by the end of this year.
GM entered Thailand in 2000 with a vehicle assembly plant with an annual production capacity of 180,000 units and a powertrain plant with an annual capacity of 120,000 units — with a combined investment of US$1.4 billion.
The Rayong plant has produced nearly 1.4 million vehicles since it opened in 2000.
China’s leading sport utility vehicle (SUV) and pickup maker Great Wall Motors on Monday said it will purchase General Motors’ Rayong car production facility in Thailand.
Based in the city of Baoding, in the Hebei province, in the north of China, the company Great Wall Motors owns several brands of SUVs and cars like Haval, Great Wall, WEY and ORA. With more than 500 branches abroad, its vehicles are exported to more than 60 countries.
Subscribe via Email
Bangkok cost of living : not as cheap as you may think
Thai and Vietnamese cities have once again moved up the rankings, with Bangkok rising 64 places in five years and...
Investment flows to developing Asian countries to fall 30% to 45% due to COVID-19
Foreign direct investment (FDI) to developing economies in Asia, hit hard by the economic downturn caused by the coronavirus pandemic,...
Hong Kong : no journalist in the world is free from China’s violent retribution
The new national security legislation China is imposing on Hong Kong could be used not only against journalists operating in...
Coronavirus will cost global tourism at least $1.2 trillion
UNCTAD estimates that for every $1 million lost in international tourism revenue, a country’s national income could drop by up...
Living in Thailand, a Guide for Expats
Many expats whose companies have transferred them to Thailand often live near their workplaces. But, if you are planning to...
Thailand’s tourism sector to lose over $47 billion (UN report)
Major tourist destinations such as Thailand, France and Germany stand to lose approximately US$47 billion each in GDP due to...
- Economics5 days ago
8.3 million Thai workers will lose employment or income in 2020 says World Bank
- Travel6 days ago
Thailand to lift ban on some international flights
- National7 days ago
Thailand finalizes Phase 5 restrictions easing plan
- Travel7 days ago
IATA urges governments to avoid quarantine measures