General Motors (Thailand) Ltd. will close its Rayong plant for five days due to excessive inventory, as the auto maker also denies media rumors it plans to file for bankruptcy. The factory will halt production March 23-27 and resume operations March 30. Since December, the facility has been closed twice for a total of seven weeks. “Contrary to popular misconceptions, GM Thailand and Chevrolet Sales Thailand (CST) are not on the brink of bankruptcy and have no intent to file bankruptcy,” ...
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