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.
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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.
