GM suspends $445-million Thai diesel project-paper

Newswire

BANGKOK, Nov 29 (Reuters) - Troubled carmaker General Motors Corp has suspended construction of its $445-million diesel-engine facility in Thailand due to the global financial crisis, the Nation newspaper reported on Saturday. Work on the site in Rayong, 150 kms (90 miles) southeast of Bangkok, was put on hold for one year, said Steve Carlisle, president of General Motors in Southeast Asia. "The availability of cash is one of the problems for GM globally, and this is one of the reasons ...

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