General Motors Gives Up on Australia as Restructuring Continues

General Motors (NYSE: GM) said that it will shut down its operations in Australia and New Zealand and sell a factory in Thailand as it continues to rework its allocation of capital to opportunities around the world.

The moves should benefit GM's return on invested capital over time. But by retreating from key Asia Pacific markets, GM is also giving up an important component of its long-standing global diversification strategy -- and it's spending some real money to do so. 

Here are the key points of GM's latest restructuring announcement:

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Source Fool.com