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GM Cuts 300 Jobs in Thailand as Sales Slump
General Motors Co. has eliminated 15% of its 1,900-member workforce in Thailand after its sales there fell 11% to 9,200 units through the first seven months of 2019.
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General Motors Co. has eliminated 15% of its 1,900-member workforce in Thailand after its sales there fell 11% to 9,200 units through the first seven months of 2019.
Thailand’s passenger vehicle market expanded 6% in January-July. GM, which makes Colorado midsize pickup trucks and Captiva (pictured) and Trailblazer crossovers in Thailand, controls only 1.5% of the Thai market.
Japanese brands dominate Thailand’s truck market with an 87% share, The Nikkei reports. The newspaper notes that Ford Motor Co., the most successful vehicle maker among those from other parts of the world, accounts for 5% of the Thai market.
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