General Motors Will Stop Selling Vehicles in India
According to the Detroit Free Press, General Motors plans to stop selling cars in India and shed its operations in South Africa by the end of this year.
The Detroit auto maker said that it will transform its business in India into an export only operation and sell its operations in South Africa to Isuzu. GM said it will stop selling its Chevrolet brand in both markets by the end of 2017.
GM CEO Mary Barra said in a statement, "as the industry continues to change, we are transforming our business, establishing GM as a more focused and disciplined company."