BEIJING -- General Motors said on Tuesday it will combine operations outside of China and North America into a new organization based in Detroit, further scaling back its presence in money-losing markets as it ramps up spending on electric vehicles. Engle joined GM in September Jacoby will retire at the end of this year. On Monday GM outlined plans to add 20 new battery electric and fuel cell vehicles to its global lineup by , financed by robust profits from sales of gasoline-fueled trucks and sport utility vehicles in the United States and China.
Australia Even though the Australian market of today mainly consists of Australia's own automotive companies alongside Asian automobile brands, Australia once had its fair share of American cars as well. Bodies for the local assembly of Chevrolets were built in Australia as early as : From the early s to the early s the Chevrolet name was also used on various light commercials in Australia. The Holden VF Commodore was exported from Australia to the United States as the Chevrolet SS until Holden ended production in May during its transition to a distribution platform of vehicles that are sourced from GM's American and international plants that is expected to badge as Holden vehicles. In addition to the announced relaunch, Holden Special Vehicles confirmed in December that it will add the Camaro and Silverado to their performance lineup.
GM to combine Asian, Latin American operations as it ramps up electric
This was more than twice the overall industry growth in Thailand, which went up by As a result of this, Chevrolet climbed to 2. Chevrolet also celebrated years of building trucks with the launch of the Chevrolet Colorado Centennial Edition. Limited to units in Thailand, the truck icon was well received by truck lovers and customers alike. Across Southeast Asia, General Motors grew its overall sales volume by
He will be based at the company's global headquarters in Detroit and will report directly to company president Dan Ammann. The automaker said it lost money on its Asia and South America operations, excluding China, last year. The company plans to focus on operations that are profitable or likely to become profitable in the medium and long term, even if this means cutting back in some of the world's fastest growing markets. Stefan Jacoby, the current executive vice-president of GM's International Operations, is due to retire at the end of the year.