GM planning to sell half of its Indian operations
According to a report published in New York Times, General Motors is planning to sell half of its Indian operations, in order to bail out its South Korean subsidiary Daewoo Motors, which is in deep financial crisis.
General Motors is planning to put its Indian operations into a new joint venture with Shanghai Automotive, effectively selling about half of its Indian operations to its Chinese partner, which is also expected to take the majority stake in General Motor’s and its joint venture in China.
