Detroit Bureau on Twitter

Posts Tagged ‘GM Southeast Asia’

GM Shuts Down Spin Production in Indonesia

Poor sales, low profits spell end for 500 jobs at plant.

by on Feb.26, 2015

GM will stop building the Chevrolet Spin in Indonesia this summer and close the plant just outside of Jakarta eliminating 500 jobs.

Weeks after announcing a new partnership with its Chinese partner, SAIC Motor Corp., to build small SUVs in Indonesia, General Motors is shuttering its car-making operations in the world’s fourth-most populous country.

The move means the loss of 500 jobs in the country as GM recalibrates its efforts to be successful in Asia. Right now, it means a move toward making more sport-utility vehicles and getting out of building cars on it’s own. The automaker was getting beaten up by Japanese makers.

Stay in the Know!

“GM Indonesia is undergoing a market-driven transformation,” said Stefan Jacoby, GM executive vice president and president, GM International, in a release. “This transformation will strengthen the business and dealer network by focusing on building the Chevrolet brand and delivering a competitive, high-quality portfolio to meet the needs of customers in Indonesia.” (more…)

GM Pushing into Indonesia with New Plant

Maker teams with SAIC, Wuling to build, sell new minivan.

by on Feb.02, 2015

GM builds the Chevrolet Spin at a plant it reopened in Indonesia in 2013, after it closed in 2005.

General Motors and its principal Chinese partner, SAIC Motor Corp., are teaming up to for a push into Indonesia, one of Southeast Asia’s largest markets.

SAIC-GM-Wuling, a joint venture between GM China, SAIC and Wuling Motors, announced that it plans to build a manufacturing plant on the outskirts of Jakarta to assemble Wuling brand vehicles for the country’s expanding vehicle market.

Subscribe for Free!

Several media reports suggest the new plant will build a small minivan at the plant with plans for it to hit the market under the Wuling banner in 2017. The factory will have the capacity to build 150,000 vehicles annually. (more…)

GM CFO: Devalued Yen Helps Japan Sell More Vehicles

Japanese makers gaining share in Southeast Asia, Australia due to low Yen.

by on Aug.09, 2013

GM's Dan Ammann asserted that Japanese automakers are benefitting from a weak yen in Southeast Asia and Australia.

The devaluation of the yen is clearly helping Japanese carmakers in the Southeast Asian and Australian markets, General Motors’ chief financial officer said.

GM CFO Dan Ammann also said the decline in the value of the yen has created new competitive challenges for GM in markets such in Southeast and Australia.

Plugged In for News!

“We’re seeing more pressure in those markets than in the U.S,” he said during an industry conference in Traverse City, Mich. (more…)