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Old 02-20-2020, 01:17 AM   #67
dmitra
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Join Date: Nov 2013
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Default Great Wall Motors takes over GM's Rayong plants

GREAT WALL MOTORS AND GENERAL MOTORS SIGN AGREEMENT FOR PURCHASE OF GM THAILAND RAYONG MANUFACTURING FACILITY
Quote:
RAYONG | THAILAND: Great Wall Motors (GWM) and General Motors (GM) today announced an agreement for the sale of GM Thailandís manufacturing facilities in Rayong, subject to government and regulatory approvals.

Under a signed binding term sheet, GM Thailand and GM Powertrain Thailand legal entities, which include the Rayong vehicle assembly and powertrain facilities, will transfer to GWM. GM and GWM are targeting end of 2020 to close the deal and hand over the site.

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https://media.gm.com/media/th/en/che...17_gm-gwm.html
https://www.gwm-global.com/news/587.html
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