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GM plans to pull out of Australia, New Zealand and Thailand
General Motors says it's pulling out of Australia, New Zealand and Thailand as part of a strategy to exit markets that don't produce adequate returns on investments, dismaying officials concerned over job losses
"In Thailand, the decision to sell GM's plant in Rayong, south of Bangkok, may well end up being good news for workers there.
Great Wall Motors, a major maker of sport utility vehicles and pickups, said it intends to expand in Southeast Asia using the plant in Thailand as its base."