GM gets $400 mln loan to revive Thai diesel-engine plant

Newswire

BANGKOK, Jan 29 (Reuters) - General Motors Corp [GM.UL] said on Friday it had secured a 13.5-billion-baht ($400 million) bank credit line from three Thai banks for reviving its earlier suspended diesel engine project and vehicle production expansion in Thailand. Bangkok Bank , Siam Commercial Bank and Tisco Bank signed contracts pledging to provide GM (Thailand) Ltd the credit line, it said in a statement. GM had halted construction of the project in late 2008 after the global financial ...

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