Company to cease manufacturing in Australia by 2017
DETROIT – As part of its ongoing actions to decisively address the
performance of its global operations, General Motors today announced it
would transition to a national sales company in Australia and New
Zealand. The company also said it would discontinue vehicle and engine
manufacturing and significantly reduce its engineering operations in
Australia by the end of 2017.
"We are completely dedicated to strengthening our global operations
while meeting the needs of our customers," said GM Chairman and CEO Dan
Akerson. "The decision to end manufacturing in Australia reflects the
perfect storm of negative influences the automotive industry faces in
the country, including the sustained strength of the Australian dollar,
high cost of production, small domestic market and arguably the most
competitive and fragmented auto market in the world."
As a result of the company's actions, approximately…