Top executives of GM Thailand group said Tuesday the bankruptcy filing of General Motors Corporation (GM) has no direct impact on GM's non-U.S. operations, and GM Thailand would continue its operations.
At a press briefing held by GM Thailand, which consists of GM Southeast Asia Operations, General Motors (Thailand) Limited and Chevrolet Sales (Thailand) Limited, President Steve Carlisle said that none of GM's overseas operations are included in the bankruptcy filed on Monday by its parent GM in the United States.
The General Motors in the U.S. filed for Chapter 11 bankruptcy protection on Monday, which is the largest ever for an industrial company.
Under the filing agreement, several of GM's strongest operations and brands will be sold to a 'New GM'.
"The GM Asia Pacific Region, including GM Thailand and ASEAN, will be an important part of the 'New GM' and will maintain normal business operations," said Carlisle, The Nation newspaper's website reported.
Carlisle said "As I've mentioned before, we are separate entities from GM and have the capability, resources and technology to continue our operations."
Amid the economic crisis, the GM Asia Pacific Region recorded unprecedented growth in the first quarter of this year, and all indicators showed that this trend would continue for the rest of 2009, Carlisle said.
"Customers of GM Thailand can rest assured that warranties and all other customer obligations will be honored without interruption. We will also increase our emphasis and focus on our after-sales service," said Antonio Zara, vice president of Sales, Marketing and Aftersales Service for Chevrolet Sales Thailand.
(Xinhua News Agency June 2, 2009)
