To cease sales in India by 2017 end

General Motors to cease sales operations in India by 2017

At least 1,000 workers are based at GM and the vast majority are Numsa members, Jim said. "Hard as it has been to reach this decision, it is the right outcome to support our global strategy and deliver appropriate returns for our shareholders".

"Ford's Indian business appears to be a drag on global operations and we would look for partnerships or strategic moves to address such areas to minimize losses and to focus management attention on the bigger picture", Jonas said. The company has been struggling to get good numbers in the market for a long time now and henceforth it will focus on its growing vehicle export manufacturing operations from India.

General Motors (NYSE:GM) announces a series of global restructuring moves which it expects to lead to ~$100M in annual savings. At that time, around $1 billion United States dollars was invested into both the Halol and Talegaon plants.

The company also noted that it would continue to work with Peugeot, in France, which earlier this year acquired the Opel brand from GM, to evaluate "future opportunities for the Opel brand in South Africa". However, there will be around 400 layoffs and the company will give its employees a severance package.

As of now, the only thing clear is that the pan-India Chevrolet dealership network will go through a transition, where GM will be providing what the company terms "appropriate support" through the transitory phase. GM would also withdraw sales of the Chevrolet brand from the market. The Halol plant was GM's first plant in India which was set up in June 1996.

In April 2017, General Motors India shut its Halol plant in Gujarat. Plans are afoot to sell the plant to China's SAIC Motor Corporation.

Can I sell my vehicle back to my dealer?

Senior officials from General Motors have arrived in India from Detroit and Singapore.

The company used to sell eight models under the Chevrolet brand - Spark, Beat, Sail, Sail Hatchback, Enjoy, Tavera, Cruze and Trailblazer - in the country, when the announcement was made. It was discontinued in 1954. China's auto market, the world's largest, grew to 28 million vehicles in 2016 and will likely climb 5 percent in 2017 to 29.4 million vehicles, according to the China Association of Automobile Manufacturers. Where does this leave owners of Chevrolet cars in India especially with their car's servicing, after sales service, and other issues?

The automaker blamed the pullout on its failure to bring successful products to the Indian market as most of its new launches failed to turn around its operations. However, the USA auto major became majority partner by buying 43 per cent from SAIC in 2012.

Related News:

  • The Rock Could Seriously Be Your Next President

    The Rock Could Seriously Be Your Next President

    I'd like to see a greater leadership. "We all have issues, and we all gotta work our shit out", he said. I felt like it would either (a) make people unhappy with the thought of whatever my political view was.
    Rust, Schultz, Hornqvist Out For Penguins For Game 3 Vs Sens

    Rust, Schultz, Hornqvist Out For Penguins For Game 3 Vs Sens

    The Penguins just hope that's possible if any of the Rust, Hornqvist, and Schultz trio are unable to draw into the lineup. Streit was on the team's top power-play unit during the morning skate and might make his 2017 Stanley Cup Playoffs debut.
    Garland has no interest in leaving judiciary for FBI, source says

    Garland has no interest in leaving judiciary for FBI, source says

    Comey, for instance, was a former United States Attorney in Manhattan before being appointed deputy attorney general by George W. Cornyn told the AP he has not had any further conversations about it with the administration since Saturday.
  • ISU's Wallace earns berth in NCAA golf

    ISU's Wallace earns berth in NCAA golf

    As a team the Lobos finished at 16 over par after starting the final round with a 6 under par total and three shot lead. UNLV claimed the team title at the Kampen Course at Purdue, shooting a eight-over 872 to beat Auburn by three strokes.
    Sheriff Clarke Just Joined the Trump Administration

    Sheriff Clarke Just Joined the Trump Administration

    The 38-year-old man was one of four people, including the newborn of an inmate, who died last year at the jail overseen by Clarke. Walker spokesman Tom Evenson says once Clarke submits his resignation letter the process of appointing a successor can begin.
    Always Dreaming shows his pre-Derby edge

    Always Dreaming shows his pre-Derby edge

    That leaves Term of Art as the only California-based horse in what is expected to be a 10-horse Preakness field. Royal Mo was pulled up by jockey Gary Stevens and was found to have a fractured sesamoid in his right foreleg.
  • Gay rights supporters demonstrate in Russia's St. Petersburg

    Gay rights supporters demonstrate in Russia's St. Petersburg

    In April , another report came out that claimed that gay men in Chechnya were allegedly being killed or sent to makeshift prisons. The Russia LGBT Network told BuzzFeed that the USA had allegedly declined to issue visas to help these people find a safe harbor.
    He's in very good nick - Zidane delighted with Ronaldo

    He's in very good nick - Zidane delighted with Ronaldo

    We [Celta] feel very strong and know what to expect from a great side who are fit and coming off a great week. It was the flawless goal for the occasion, and epitomised the inhuman goal-scoring instinct of Ronaldo.
    Man United set to re-sign Keane for £25m

    Man United set to re-sign Keane for £25m

    Keane's clause entitles United to 25 per cent of any sell-on fee, meaning United will pay less for Keane than any of their rivals. Manchester United have emerged as the front-runners in the race to sign the 24-year-old who left Old Trafford for £2m.
  • France ILO Jobless Rate At 5-year Low

    France ILO Jobless Rate At 5-year Low

    But the pace of raises slowed since December's 2.9% increase-the strongest gain since June 2009. Trade, transportation, and utilities sector decreased by 1,300 from March 2017 to April 2017.
    Tests for lead poisoning may be faulty, US regulators warn

    Tests for lead poisoning may be faulty, US regulators warn

    They added that now pregnant women and nursing mothers who had a venous blood draw with this system should also be re-tested. The company makes the only lead test used in doctor offices and clinics and that test uses blood from finger or heel sticks.

    Jury to hear closing arguments in Oklahoma officer's trial

    But prosecutors said in arrest filings that Shelby "reacted unreasonably by escalating the situation" into a fatal encounter. As she turned around to walk to her patrol vehicle , she noticed Crutcher walking towards her, she testified.


Most liked

Has the Queen given her blessing to Prince Harry and Meghan Markle?
Prince Harry and Meghan Markle would be able to marry at Westminster Abbey, if they were to Wednesday , despite being a divorcee. If things weren't real before, they are definitely real now! Is an engagement on the cards for Prince Harry and Meghan Markle?

Advanced Micro Devices' (AMD) Outperform Rating Reiterated at Wells Fargo & Co
The semiconductor manufacturer reported ($0.04) EPS for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.04). In related news, CFO Devinder Kumar sold 94,199 shares of the business's stock in a transaction on Wednesday, May 3rd.

Former Liverpool player Dirk Kuyt retires after helping Feyenoord to Dutch title
Kuyt, 36, netted a hat-trick on Sunday to secure a first national championship for the Rotterdam club in 18 years. Our captain Dirk @Kuyt has just announced his retirement from football.

Iran reformist drops out of election, supports Rouhani
Concerns over "democracy, freedom, economy and the country's progress" will enable officials to overcome difficulties, he added. Hashemitaba has served in several capacities, first as industry minister in the early 1980s and later as a vice president.