General Motors Asia Pacific (Japan) Ltd. said Tuesday that it will continue operating but might halve the number of brands it handles to two now that the U.S. auto giant has filed for bankruptcy protection.
Rick Brown, president of the Japan unit of General Motors Corp., also said GM will continue its Canadian joint venture with Suzuki Motor Corp., saying CAMI Automotive Inc. will become "part of the new GM."
"This is not liquidation or bankruptcy," Brown told reporters in Tokyo. "Profit- and managementwise, it will become an even stronger company than before."