Chevrolet to pull out of India, South Africa

Thursday May 18, 2017
Written by The Associated Press
May 18, 2017 - 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 says the changes will save the company $100 million per year. It will take a charge of $500 million in the second quarter to complete the actions.

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.

Add comment


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine Renew

Events

Digital Industry USA
September 10-12, 2019
EMO Hannover 2019
September 16-21, 2019
Weidmuller Open House
September 17, 2019

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.