WBL Corporation (Wearnes) will soon stop selling Chevrolet cars in Singapore.
The mainboard-listed company disclosed that the dealership agreement between its subsidiary Starsauto and General Motors (GM) will expire on June 30 and no renewal will be made.
Starsauto was appointed by GM as its first Chevrolet dealer in Singapore in 2003.
In its statement on Thursday, Wearnes said the move to give up the dealership was in line with ongoing streamlining efforts to strengthen the group's core automotive distribution and service business.
'This will enable Wearnes to focus on segments that provide wider foundations for regional partnerships and growth.'
