General Motors is retreating from more markets outside of the United States and China, saying on Sunday that it will wind down sales, design and engineering operations in Australia and New Zealand and retire the Holden brand by 2021.

GM also said that China's Great Wall Motor Co. had agreed to buy its Thailand manufacturing plant. The automaker said it also plans to pull the Chevrolet brand from Thailand, a major pickup market.

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GM's Inability To Compete Continues - Pulling Out Of Australia, New Zealand And Thailand

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