GMSA’s Ian Nicholls opens up on why they’re really quitting South Africa

Investment in South Africa will not provide GM with the strong returns required to support our global business strategy.

Ian Nicholls, General Motors South Africa

We employ just over 1500 people in South Africa.

Ian Nicholls, General Motors South Africa

There’ll be ongoing support for Opel, Chev and Isuzu customers… All existing warranties remain in place.

Ian Nicholls, General Motors South Africa

General Motors South Africa is quitting South Africa.

Operations will cease by the end of the year.

The Money Show’s Bruce Whitfield interviewed General Motors South Africa Managing Director Ian Nicholls.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

Isuzu represents just short of half of our business in South Africa.

Ian Nicholls, General Motors South Africa

GM identifies markets where they have a clear path to market leadership.

Ian Nicholls, General Motors South Africa

GM has been in South Africa since 1926.

Ian Nicholls, General Motors South Africa

The decision was not influenced by any local economic short-term considerations at all.

Ian Nicholls, General Motors South Africa

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Article brought to us by Old Mutual.

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