GM pulls out of SA, sells plant to Isuzu
Chevrolet vehicles will not be sold in SA after 2017
General Motors announced on Thursday it was disinvesting from SA. The US company, whose vehicles have been built in SA since 1926, said it was selling its Struandale vehicle assembly plant in Port Elizabeth to Japanese commercial vehicle company Isuzu. The price of the buyout was not revealed. From 2018, Isuzu Motors SA will build and distribute only its own brand. Chevrolet vehicles will not be sold in SA after 2017. National Union of Metalworkers of SA (Numsa) general secretary Irvin Jim said he was shocked by the decision and said the union would take legal advice on how to proceed. He said General Motors SA (GMSA) “has already shut down the plant”, but the company said that was not the case and that it continued to build vehicles. Trade and Industry Minister Rob Davies, while regretting the disinvestment, said it was not surprising, given that GMSA had been on a downward sales path for some years. He said the annual Struandale vehicle production was well short of the 50,000 requ...
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