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Normal Motors (NYSE:GM) introduced the closure of its manufacturing facility in Ecuador, citing elevated competitors from native companies, Reuters reported. The manufacturing unit, situated in Quito, will stop manufacturing on Friday, September 6, 2024.
The OBB plant in Quito accounts for 51% of Ecuador’s automotive output, the report mentioned.
The closure will influence greater than 300 employees who for years assembled Cadillac and Chevrolet automobiles.
“I’ve combined emotions – I am welding my final truck for Normal Motors in Ecuador.. It’ll have an effect on us rather a lot. Not all of us could have the identical alternative for a brand new job,” mentioned welding staff chief Antonio Oramas, who joined the plant in 2004.
