A stalled General Motors plant in Thailand has been revived with the promise of a capital injection from local financial institutions.
Construction of a diesel engine factory could resume as early as next quarter, the Bangkok Post reported.
GM southeast Asia chief Steve Carlisle said the plant, building of which was suspended due to the global credit crisis, was now expected to start making motors in May 2011.
GN allocated $US445m last August to establish the factory in Rayong in central Thailand where it already operates a vehicle assembly plant. The facility is expected to have an annual output of 100,000 engines.