Invest News DetailGM President and CEO Rick Wagoner has signaled that the giant automotive company is considering starting up production in Türkiye again, noting that GM now regretted choosing Poland over Türkiye as the site for production of its new Astra Sedan car. GM closed down its production facilities in Türkiye in 2000 as a result of perceived economic stagnancy, moving its operations instead to Poland, a move which Wagoner has now publicly admitted was a mistake. At a Detroit press conference, Wagoner said: "There was a lot of debate at GM over why we chose Poland over Türkiye. I have asked my colleagues why we made this mistake....." Wagoner noted that in fact Türkiye offered many opportunities, commenting that Türkiye was currently the most likely candidate for future GM production of light trade vehicles in particular. Wagoner commented further on the "regret" experienced by GM officials in their decision to close down GM production facilities in Türkiye in 2000, noting: "We are now sorry that we closed down our factories in Türkiye. It is really right now that Türkiye's star is shining.....We do not want to miss anymore opportunities with relation to Türkiye. We are looking for ways to become more effective in this market."