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,” ...
Premium Content (PAID Subscription Required)
"GM Thailand to Temporarily Halt Output; Denies Bankruptcy Rumors" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.