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GM’s sale of India plant faces delays amid China tensions, report says

September 17, 2020

NEW DELHI/DETROIT — Delays to General Motors’ sale of its Indian plant to Great Wall Motor due to tensions between India and China are likely to result in hefty unplanned costs for the U.S. automaker, people familiar with the matter told Reuters.

Gaining Indian government approval for China-related deals is now expected to take quite some time and although the sale should still happen at some point, GM has not changed its plan to begin winding down the plant’s operations next month, they said.

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