The WSJ did a piece on GM recently (link Below) that really captures all of the changes that are afoot at GM in the moves to go "all electric".
Meaning that GM is willing to completely withdraw from any market that does not have an opportunity to create a near term business case for electric vehicle sales there, and is using the revenue from operational sales of the business asset to fund to the current reinvention of GM as an electric car company-which kind of makes sense because GM stock is in the tank and has stayed there for some time.
I recall the Bail out critics in 2010 saying that after the government bailed out GM it would likely be forced to become a company that we would not recognize - the fear being that GM would be forced to become a different company that would try to leverage a product on the buyer that was radically different and therefore "not good".
Well the radically different part is real and the jury is still out on the "not good" part.
So the docket of Motors Liquidation Corporation pretty much cleared in 2013 and Mary Barra took over in 2014, so what do we have to date?
Since 2015 GM has largely exited India, Russia, is trying to sell its European operations, laid off 8000 salaried employees closed plants in North America, and did the unthinkable to the Australian's- killed the 89 year old "Chevy of Australia" - Holden.
GM was making cars or parts in 25 countries. Now only 9.
So there you have it. GM is essentially burning through its legacy global holdings in order to finance the electric transformation that is underway.
Word was that the Fate of the Camaro was decided in June at the meeting Barra held in the GM Design Dome and this meeting is confirmed in the article.
https://www.wsj.com/articles/the-inc...er-11600438421