GM close to selling one of India plants to China's SAIC: sources
Sale of facility will allow GM to consolidate, modernise manufacturing capability at its plant near Mumbai
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Detroit
AFTER an 18-month review, General Motors Co (GM) is nearer to resolving a raft of issues that have hobbled its US$1 billion strategy for India, one of the fastest-growing emerging markets for cars.
The strategy, announced in July 2015, includes selling one of its two Indian assembly plants to a Chinese partner; changing its vehicle platform to provide a product line-up better suited to the local market; and making India an export hub, two Asia-based people with knowledge of the plans told Reuters in Detroit this month. They did not want to be named as the review is ongoing.
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