Published 2 years ago

GM calls off plan to sell India car plant to China's Great Wall

Summary by Ground News

GM struck a deal in January 2020 to sell the plant to Great Wall Motor. The Chinese SUV-maker expected to pay up to $300 million as part of a broader plan to invest $1 billion. The agreement, which was extended twice, expired on June 30. GM stopped selling cars in India at the end of 2017.

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Reuters

GM calls off plan to sell India car plant to China's Great Wall

2 years ago·United Kingdom

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Hindustan Times

General Motors retracts plan to sell shuttered Indian plant to Great Wall Motor

General Motors had sealed a deal with Great Wall to sell off its plant in India in January of 2020, for an expected amount of $300 million.

2 years ago·New Delhi, India

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IBTimes

GM Calls Off Plan To Sell India Car Plant To China's Great Wall

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, amid a tougher stance by New Delhi towards 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 $300 million as part of a broader plan to invest $1 billion to establish a presence in India's gr…

2 years ago·United States

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National Post

GM calls off plan to sell India car plant to China’s Great Wall

NEW DELHI -- 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, amid a tougher stance by New Delhi towards investments from Beijing. Read More

2 years ago·Canada

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