Who knew
....not me! From today's WSJ:
SYDNEY-— General Motors Co. GM -1.50% will scale back operations in Australia, New Zealand and Thailand, its latest move to reduce exposure in tough overseas markets while investing more in autonomous and electric vehicles.
GM said Monday that it will stop selling and designing Holden vehicles in Australia and New Zealand by 2021, marking the end of a brand that began in the 1850s as a leather and saddle company and now has some 1.6 million vehicles on the road. GM also said it would stop selling Chevrolet vehicles in Thailand by the end of 2020, and is selling a manufacturing plant in Thailand to Great Wall Motor Co., a Chinese company.
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