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General Motors (GM) said on Friday it had called off the sale of a shuttered Indian plant to China's Great Wall Motor after they failed to obtain regulatory approvals ....
General Motors (GM) yesterday said it had called off the sale of a shuttered Indian plant to China’s Great Wall Motor Ltd (長城汽車) after they failed to obtain regulatory approvals, amid a tougher stance by New Delhi toward investments from Beijing. GM struck a deal in January 2020 to sell the plant to Great Wall, with the Chinese SUV maker expected to pay up to US$300 million as part of a broader plan to invest US$1 billion to establish a presence in India’s growing auto market. The agreement, which was extended twice, expired on Thursday. “We have been unable to obtain the required ....
GM calls off plan to sell India car plant to China's Great Wall streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
By Aditi Shah NEW DELHI (Reuters) - General Motors (GM) said on Friday it had called off the sale of a shuttered Indian plant to China's Great Wall Mo. ....