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Great Wall to buy General Motors' India plant

Christian Fernsby ▼ | January 18, 2020
Great Wall Motor has agreed to buy General Motors’ car plant in India, the companies said yesterday.
Great Wall Motor
Acquisition   Great Wall Motor
The deal, which is expected to be completed by the second half of 2020, will jumpstart Great Wall’s plans to build and sell cars in India and bring to an end GM’s manufacturing operations in the country.

Topics: Great Wall General Motors India plant

“The Indian market has great potential, rapid economic growth and a good investment environment. Entering the Indian market is an important step for Great Wall Motors’ global strategy,” Liu Xiangshang, vice president, global strategy at the Chinese automaker said.