Great Wall Motor to Acquire GM's Thai Manufacturing Facilities
February 16 2020 - 11:03PM
Dow Jones News
By Martin Mou
China's Great Wall Motor said Monday that it has agreed to
acquire manufacturing facilities in Thailand from General Motors,
the latest move in the Chinese auto maker's push to expand
globally.
The two companies expect to complete the deal and hand over the
facilities, including the Rayong vehicle-assembly plant, by the end
of this year, Great Wall Motor said.
Great Wall Motor, which didn't disclose the financial details of
the deal, said the Thai car plant could help the Chinese auto maker
expand in Southeast Asia and Australia.
The acquisition follows another agreement between Great Wall
Motor and GM struck earlier this year. The Chinese car maker agreed
to buy GM's Talegaon Plant in India.
Write to Martin Mou at martin.mou@wsj.com
(END) Dow Jones Newswires
February 16, 2020 22:48 ET (03:48 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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