Just days after signing an MoU with Great Wall Motor, the Maharashtra government is reportedly trying to stall the proposed $500mn investment by the company in the state due to the growing anti-China sentiment in the country. The recent development comes in the wake of a deadly border clash between soldiers of India and China.…
Automobile manufacturer General Motors is currently planning to lay off around 1,500 employees in Thailand by June this year. The recent development comes after the company had announced the sale of its production plants in the country. According to a Reuters report, General Motors on Monday said that it would sell its two plants in…
Great Wall Motors of China is inching close to acquire General Motors’ manufacturing facility in Maharashtra. A formal agreement over the facility at Talegaon in Pune district is likely to be signed by the end of the month, and General Motors is likely to fetch about $250-300 million from the sale, one of the people…