Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Chrevrolet to pull out of India, South Africa

May 18, 2017 12:19 PM
19 0
Chrevrolet to pull out of India, South Africa

DETROIT -- General Motors Co. is pulling its Chevrolet brand out of India, South Africa and East Africa by the end of this year.

The company will retain its assembly plant in India but will only make vehicles for export. It is selling a plant in South Africa to Isuzu Motors.

GM CEO Mary Barra said the company wants to focus on markets that will help its profitability and competitiveness. It also needs to spend more on future mobility projects like autonomous vehicles.

Earlier this spring GM exited the European market, selling its Opel and Vauxhall brands to PSA Group.

Source: ctvnews.ca

Share in social networks:

Comments - 0