THAILAND: GM secures credit to revive expansion plan
Author: just-auto.com editorial team | 29 January 2010
General Motors Thai unit on Friday said it had secured a THB13.5bn (US$400m) credit line from three Thai banks to revive its earlier suspended diesel engine project and vehicle production expansion in Thailand.
Bangkok Bank , Siam Commercial Bank and Tisco Bank signed contracts pledging to provide GM (Thailand) the credit line, it said in a statement seen by Reuters.
GM had halted construction of the project in late 2008 after the global financial crisis forced its US parent office to seek a federal bailout.
Sectors: Emerging markets, Financial, Vehicle manufacturers
Companies: GM
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29 Jan 2010 -
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THAILAND: GM secures credit to revive expansion plan
29 Jan 2010 -
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