plans to withdraw its chevy brand from thailand and sell its factory to china's great wall motors by the end of this year. new zealand the common factories says they will wind down sales for its historic holden brand in 2021 g.m. doesn't see a future in a market share has dropped from over 20 percent in 2002 to just 4 percent. this was not a decision we took lightly it was an agonizing decision many of g.m. simulators have a very strong affinity for this brand this iconic brand. working here. and it's no reflection on the capability and commitment of. the employees that there are problems. holden has been in the car business for more than 100 years and was an affiliate of g.m. since the $930.00 s. over the years holderness manufactured cars not only under its own moniker but also for asian brands like toyota and nissan and australia the decision to shut down was met with shock and anger especially since the company had been given a quarter $1000000000.00 bailout less than 10 years ago of course disappointed not surprised i think the fact that they took money from. just. watch i think

three years ago, but it carried on making and marketing these vehicles in thailand and china's great wall motors manufacturing plant. the statement by gm did not say how manyjobs would be lost, but reports suggest it could be as many as 600 layoffs, and in a statement, thejeon website chief —— gm website chief exec said they would do the right thing even when it is hard, and this is one of those times. it seems certainly for the fans out there, the # #ripholden trending at the moment with fa ns trending at the moment with fans posting pictures and memories of their much loved iconic australian brand. thank you very much. now, let's brief you on some other business stories. tesla has been ordered to temporarily halt preparations for a car factory in germany after environmentalists won a court injunction on sunday. the electric carmaker had been clearing forest land near the capital, berlin, ahead of building its first european car and battery plant. protesters say the factory is a threat to local wildlife and water supplies. india's supreme court has refused to grant telecoms companies further ti

that is big news china has a massive automotive market brands like cherry like geely like great wall great wall motors they might not be household names outside the country to certainly are in china and now those companies are failing to show what they've got they also. i do not have the the possibility to lay eyes on you know other technologies that that other producers might might have come up with and that in a point of time when the whole automotive industry is going to a huge transformation face so calling off this event is a hard hit or does it look like you expect other similar cancellations of large public assemblies public events as if things don't turn around quickly i would think so i mean tokyo for example is hosting the summer olympics. in july and organizers there are looking at the whole development with great concern we already see the organizers of the tokyo marathon that is due to happen on march 1st dramatically scaling back the event about 38000 runners were supposed to take to participate in it now it's $176.00 and just 30 people in wheelchairs so again they already taking massive

added that china's great wall motors will by that time manufacturing facility and the company plans to stop selling chevrolet branded vehicles in thailand by the end of this year in speaking about the $1000000000.00 restructuring g.m. chair and c.e.o. mary barra said in a statement we are restructuring our international operations focusing on markets while we have the right strategies to drive robust returns and prioritizing global investments that will drive growth in the future of mobility especially in the areas of electric vehicles and autonomous vehicles g.m. has been leaving markets in which they have struggled to pick up market share including europe where it sold brands opel and vauxhall to peugeot in 2017. and now finally the great debate of the week is that ok to reply in your state when setting an economy now for those that don't know the full story passenger wendy williams was on an american airlines flight and like a lot of us she required her seat after takeoff well apparently the man behind her didn't like that and decided to make it known by punching the back of her sea