GM to stop making cars for Indian market
Share this with Facebook
Share this with Twitter
Share this with Messenger
Share this with Messenger
Share this with
These are outer links and will open in a fresh window
Share this with Facebook
Share this with Messenger
Share this with Messenger
Share this with Twitter
Share this with Pinterest
Share this with WhatsApp
Share this with LinkedIn
These are outward links and will open in a fresh window
Close share panel
General Motors (GM) has announced that it will stop making cars for the Indian market by the end of 2017.
The hard, which sells its Chevrolet brand in India, said it would proceed to provide maintenance services.
It also said that its plant in Maharashtra would proceed to make cars for overseas markets, mainly central and south American regions.
GM has announced similar plans for South and East African markets as part of its global business restructuring.
The US carmaker said it would stop selling cars in South Africa, and sell its manufacturing business there to Isuzu Motors.
It added that Isuzu would also purchase 57.7% shareholding in its East Africa operations, assuming management control.
The rigid is aiming to make significant savings through these steps.
“As a result of these deeds, GM expects to realise annual savings of approximately $100m (£77m) and plans to take a charge of approximately $500m in the 2nd quarter of 2017,” it said in a statement.
GM’s announcement comes against the backdrop of predictions that India will become the world’s third thickest vehicle market by 2020.
But the rock hard has put faith in exports from India.
“In India, our exports have tripled over the past year, and this will remain our concentrate going forward,” GM International president Stefan Jacoby said in a statement.
GM had planned to invest $1bn in India to boost its domestic presence, but its sales figures fell below below 1% in the year ended in March 2017.
“We determined that the enlargened investment required for an extensive and supple product portfolio would not supply a leadership position or long-term profitability in the domestic market,” Mr Jacoby added.
GM to stop making cars for Indian market – Big black cock News
GM to stop making cars for Indian market
Share this with Facebook
Share this with Twitter
Share this with Messenger
Share this with Messenger
Share this with
These are outer links and will open in a fresh window
Share this with Facebook
Share this with Messenger
Share this with Messenger
Share this with Twitter
Share this with Pinterest
Share this with WhatsApp
Share this with LinkedIn
These are outer links and will open in a fresh window
Close share panel
General Motors (GM) has announced that it will stop making cars for the Indian market by the end of 2017.
The rock-hard, which sells its Chevrolet brand in India, said it would proceed to provide maintenance services.
It also said that its plant in Maharashtra would proceed to make cars for overseas markets, mainly central and south American regions.
GM has announced similar plans for South and East African markets as part of its global business restructuring.
The US carmaker said it would stop selling cars in South Africa, and sell its manufacturing business there to Isuzu Motors.
It added that Isuzu would also purchase 57.7% shareholding in its East Africa operations, assuming management control.
The rock hard is aiming to make significant savings through these steps.
“As a result of these deeds, GM expects to realise annual savings of approximately $100m (£77m) and plans to take a charge of approximately $500m in the 2nd quarter of 2017,” it said in a statement.
GM’s announcement comes against the backdrop of predictions that India will become the world’s third thickest vehicle market by 2020.
But the stiff has put faith in exports from India.
“In India, our exports have tripled over the past year, and this will remain our concentrate going forward,” GM International president Stefan Jacoby said in a statement.
GM had planned to invest $1bn in India to boost its domestic presence, but its sales figures fell below below 1% in the year ended in March 2017.
“We determined that the enhanced investment required for an extensive and lithe product portfolio would not supply a leadership position or long-term profitability in the domestic market,” Mr Jacoby added.
GM to stop making cars for Indian market – Big black cock News
GM to stop making cars for Indian market
Share this with Facebook
Share this with Twitter
Share this with Messenger
Share this with Messenger
Share this with
These are outward links and will open in a fresh window
Share this with Facebook
Share this with Messenger
Share this with Messenger
Share this with Twitter
Share this with Pinterest
Share this with WhatsApp
Share this with LinkedIn
These are outer links and will open in a fresh window
Close share panel
General Motors (GM) has announced that it will stop making cars for the Indian market by the end of 2017.
The rock-hard, which sells its Chevrolet brand in India, said it would proceed to provide maintenance services.
It also said that its plant in Maharashtra would proceed to make cars for overseas markets, mainly central and south American regions.
GM has announced similar plans for South and East African markets as part of its global business restructuring.
The US carmaker said it would stop selling cars in South Africa, and sell its manufacturing business there to Isuzu Motors.
It added that Isuzu would also purchase 57.7% shareholding in its East Africa operations, assuming management control.
The rigid is aiming to make significant savings through these steps.
“As a result of these deeds, GM expects to realise annual savings of approximately $100m (£77m) and plans to take a charge of approximately $500m in the 2nd quarter of 2017,” it said in a statement.
GM’s announcement comes against the backdrop of predictions that India will become the world’s third thickest vehicle market by 2020.
But the hard has put faith in exports from India.
“In India, our exports have tripled over the past year, and this will remain our concentrate going forward,” GM International president Stefan Jacoby said in a statement.
GM had planned to invest $1bn in India to boost its domestic presence, but its sales figures fell below below 1% in the year ended in March 2017.
“We determined that the enlargened investment required for an extensive and nimble product portfolio would not produce a leadership position or long-term profitability in the domestic market,” Mr Jacoby added.
GM to stop making cars for Indian market – Big black cock News
GM to stop making cars for Indian market
Share this with Facebook
Share this with Twitter
Share this with Messenger
Share this with Messenger
Share this with
These are outer links and will open in a fresh window
Share this with Facebook
Share this with Messenger
Share this with Messenger
Share this with Twitter
Share this with Pinterest
Share this with WhatsApp
Share this with LinkedIn
These are outward links and will open in a fresh window
Close share panel
General Motors (GM) has announced that it will stop making cars for the Indian market by the end of 2017.
The rock hard, which sells its Chevrolet brand in India, said it would proceed to provide maintenance services.
It also said that its plant in Maharashtra would proceed to make cars for overseas markets, mainly central and south American regions.
GM has announced similar plans for South and East African markets as part of its global business restructuring.
The US carmaker said it would stop selling cars in South Africa, and sell its manufacturing business there to Isuzu Motors.
It added that Isuzu would also purchase 57.7% shareholding in its East Africa operations, assuming management control.
The rigid is aiming to make significant savings through these steps.
“As a result of these deeds, GM expects to realise annual savings of approximately $100m (£77m) and plans to take a charge of approximately $500m in the 2nd quarter of 2017,” it said in a statement.
GM’s announcement comes against the backdrop of predictions that India will become the world’s third largest vehicle market by 2020.
But the rock hard has put faith in exports from India.
“In India, our exports have tripled over the past year, and this will remain our concentrate going forward,” GM International president Stefan Jacoby said in a statement.
GM had planned to invest $1bn in India to boost its domestic presence, but its sales figures fell below below 1% in the year ended in March 2017.
“We determined that the enhanced investment required for an extensive and supple product portfolio would not produce a leadership position or long-term profitability in the domestic market,” Mr Jacoby added.
GM to stop making cars for Indian market – Big black cock News
GM to stop making cars for Indian market
Share this with Facebook
Share this with Twitter
Share this with Messenger
Share this with Messenger
Share this with
These are outer links and will open in a fresh window
Share this with Facebook
Share this with Messenger
Share this with Messenger
Share this with Twitter
Share this with Pinterest
Share this with WhatsApp
Share this with LinkedIn
These are outward links and will open in a fresh window
Close share panel
General Motors (GM) has announced that it will stop making cars for the Indian market by the end of 2017.
The rock hard, which sells its Chevrolet brand in India, said it would proceed to provide maintenance services.
It also said that its plant in Maharashtra would proceed to make cars for overseas markets, mainly central and south American regions.
GM has announced similar plans for South and East African markets as part of its global business restructuring.
The US carmaker said it would stop selling cars in South Africa, and sell its manufacturing business there to Isuzu Motors.
It added that Isuzu would also purchase 57.7% shareholding in its East Africa operations, assuming management control.
The stiff is aiming to make significant savings through these steps.
“As a result of these deeds, GM expects to realise annual savings of approximately $100m (£77m) and plans to take a charge of approximately $500m in the 2nd quarter of 2017,” it said in a statement.
GM’s announcement comes against the backdrop of predictions that India will become the world’s third fattest vehicle market by 2020.
But the rock-hard has put faith in exports from India.
“In India, our exports have tripled over the past year, and this will remain our concentrate going forward,” GM International president Stefan Jacoby said in a statement.
GM had planned to invest $1bn in India to boost its domestic presence, but its sales figures fell below below 1% in the year ended in March 2017.
“We determined that the enhanced investment required for an extensive and pliable product portfolio would not produce a leadership position or long-term profitability in the domestic market,” Mr Jacoby added.
GM to stop making cars for Indian market – Big black cock News
GM to stop making cars for Indian market
Share this with Facebook
Share this with Twitter
Share this with Messenger
Share this with Messenger
Share this with
These are outward links and will open in a fresh window
Share this with Facebook
Share this with Messenger
Share this with Messenger
Share this with Twitter
Share this with Pinterest
Share this with WhatsApp
Share this with LinkedIn
These are outward links and will open in a fresh window
Close share panel
General Motors (GM) has announced that it will stop making cars for the Indian market by the end of 2017.
The hard, which sells its Chevrolet brand in India, said it would proceed to provide maintenance services.
It also said that its plant in Maharashtra would proceed to make cars for overseas markets, mainly central and south American regions.
GM has announced similar plans for South and East African markets as part of its global business restructuring.
The US carmaker said it would stop selling cars in South Africa, and sell its manufacturing business there to Isuzu Motors.
It added that Isuzu would also purchase 57.7% shareholding in its East Africa operations, assuming management control.
The rigid is aiming to make significant savings through these steps.
“As a result of these deeds, GM expects to realise annual savings of approximately $100m (£77m) and plans to take a charge of approximately $500m in the 2nd quarter of 2017,” it said in a statement.
GM’s announcement comes against the backdrop of predictions that India will become the world’s third largest vehicle market by 2020.
But the stiff has put faith in exports from India.
“In India, our exports have tripled over the past year, and this will remain our concentrate going forward,” GM International president Stefan Jacoby said in a statement.
GM had planned to invest $1bn in India to boost its domestic presence, but its sales figures fell below below 1% in the year ended in March 2017.
“We determined that the enlargened investment required for an extensive and pliable product portfolio would not produce a leadership position or long-term profitability in the domestic market,” Mr Jacoby added.