China's Great Wall agrees to buy General Motors' India plant

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Thread: China's Great Wall agrees to buy General Motors' India plant

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    GMI Staff Member Premium Member nadepalma's Avatar
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    China's Great Wall agrees to buy General Motors' India plant

    China's Great Wall agrees to buy General Motors' India plant
    Aditi Shah
    JANUARY 17, 2020
    Reuters.com

    NEW DELHI (Reuters) - Great Wall Motor (601633.SS) has agreed to buy General Motors’ (GM) (GM.N) car plant in India, the companies said on Friday, as the Chinese automaker expands overseas amid slowing domestic demand.

    The deal, which is expected to be completed by the second half of 2020, will jumpstart Great Wall’s plans to build and sell cars in India and bring to an end GM’s manufacturing operations in the country.

    People aware of the deal told Reuters earlier on Friday that the two companies had agreed on the sale, with one of the sources adding that Great Wall is likely to pay around $250 million to $300 million to acquire the plant.

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    GMI Staff Member Premium Member nadepalma's Avatar
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    Re: China's Great Wall agrees to buy General Motors' India plant

    Quote Originally Posted by Reuters
    GM, which stopped selling cars in India at the end of 2017, has already sold its other plant to SAIC, where the Chinese automaker builds cars under its British brand, MG Motor.

    Although the American automaker continued to build small cars for export at its plant in Talegaon in Maharashtra state, it has been exploring strategic options for the site, Julian Blissett, senior vice president, GM International Operations said in the statement.

    “Our decision to cease production at Talegaon is based on GM’s global strategy and optimization of our manufacturing footprint around the world,” Blissett said, adding that the company will provide support to employees affected by the decision.
    This follows GM's plan to shed assets and not compete in markets where it doesn't make money. That make sense.

    Still, the fact that they could sell their other plant to SAIC (who would seem to be making money, or sees a profit coming, in India) and now this one to another to Great Wall makes you wonder what systemic or structural issues are inherent in GM's business model in the region. If the Chinese can make money with GM's plants, and GM couldn't do so, it makes you wonder what could have been improved or done better.
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    Re: China's Great Wall agrees to buy General Motors' India plant

    GM's retreat continues......

    It sounded pretty good until I actually said it.

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    Re: China's Great Wall agrees to buy General Motors' India plant

    I don't see any way that this is good news. Contracting is the opposite of expanding. Combined with a dubious vision for where they think they are going (there is still not much of a market for EVs), there's not going to be much "there" when they get there.

    Abandon your customers at every opportunity, and what exactly do you expect?

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    Re: China's Great Wall agrees to buy General Motors' India plant

    One less pesky RHD market for GM to worry their little heads about
    Who the hell approved this abomination? Hidden Content

    I bet it was some dumbarse in Detroit Hidden Content

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    Re: China's Great Wall agrees to buy General Motors' India plant

    1.36 billion folk in India won't be able to buy a RHD car from GM in the future, yea l dont know why GM bother with these little markets.

    India's slowing domestic car sales the market dropped -35% in December thats not a good sign.
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    Re: China's Great Wall agrees to buy General Motors' India plant

    Quote Originally Posted by nadepalma View Post
    This follows GM's plan to shed assets and not compete in markets where it doesn't make money. That make sense.

    Still, the fact that they could sell their other plant to SAIC (who would seem to be making money, or sees a profit coming, in India) and now this one to another to Great Wall makes you wonder what systemic or structural issues are inherent in GM's business model in the region. If the Chinese can make money with GM's plants, and GM couldn't do so, it makes you wonder what could have been improved or done better.
    I would say GM needs to sell, and get out of markets that demand products like Hyundai provided back in the 1990's. What they should invest in is a sales and marketing organization that distributes their US produced vehicles to tap into excess capacity in their existing plants and increase profitability in China.

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    Re: China's Great Wall agrees to buy General Motors' India plant

    Let's see...Chyyynnnaaaa! buys an American asset in their (Chyyynnnaaa's!) mortal enemy's nation, India. I can see all sorts of positive fallout here.
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    Re: China's Great Wall agrees to buy General Motors' India plant

    Quote Originally Posted by VS Ute 5Litre View Post
    One less pesky RHD market for GM to worry their little heads about
    Or...they could just do to begin with what some other manufacturers do...and that is design products so that they are adaptable to both.

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    Re: China's Great Wall agrees to buy General Motors' India plant

    Quote Originally Posted by 1958carnut View Post
    Or...they could just do to begin with what some other manufacturers do...and that is design products so that they are adaptable to both.
    Just put the steering wheel in the center of the car and be done with it! Cover ALL markets with ONE solution and save bunches of money!

    Sometimes I'm so brilliant I blind myself.
    It sounded pretty good until I actually said it.

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    Re: China's Great Wall agrees to buy General Motors' India plant

    Quote Originally Posted by 1958carnut View Post
    Or...they could just do to begin with what some other manufacturers do...and that is design products so that they are adaptable to both.
    Now that is pure CRAZYTALK! Where do you come up with such ideas?Or as a PhD English perfesser once asked me when I used "ilk" on a paper, "Where did you come up with that word?"

    Oh I don't know. Maybe the dictionary? Who knows?

    Quote Originally Posted by IROCNROL1 View Post
    Just put the steering wheel in the center of the car and be done with it! Cover ALL markets with ONE solution and save bunches of money!

    Sometimes I'm so brilliant I blind myself.
    I'm pretty sure that's where the tiller went in those 1950s FLYING CARS! and FUTURE TURBO CARS! with bubbles for roofs like an F-16. At least, that's what my great great grandfather tells me.
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    Re: China's Great Wall agrees to buy General Motors' India plant

    Quote Originally Posted by mbukukanyau View Post
    I would say GM needs to sell, and get out of markets that demand products like Hyundai provided back in the 1990's. What they should invest in is a sales and marketing organization that distributes their US produced vehicles to tap into excess capacity in their existing plants and increase profitability in China.
    OK. Define that product. What does GM need to do right now? Define that strategy.

    Anyone can shoot spitballs. what would you do?

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    Re: China's Great Wall agrees to buy General Motors' India plant

    Quote Originally Posted by IROCNROL1 View Post
    Just put the steering wheel in the center of the car and be done with it! Cover ALL markets with ONE solution and save bunches of money!

    Sometimes I'm so brilliant I blind myself.
    Didn't design for McLaren did you? Their 720S had a centre drivers seat.

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    Re: China's Great Wall agrees to buy General Motors' India plant

    Quote Originally Posted by Neanderthal View Post
    Now that is pure CRAZYTALK! Where do you come up with such ideas?Or as a PhD English perfesser once asked me when I used "ilk" on a paper, "Where did you come up with that word?"

    Oh I don't know. Maybe the dictionary? Who knows?



    I'm pretty sure that's where the tiller went in those 1950s FLYING CARS! and FUTURE TURBO CARS! with bubbles for roofs like an F-16. At least, that's what my great great grandfather tells me.
    Do a fly by wire like Airbus do. They have a little joystick control.

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    Re: China's Great Wall agrees to buy General Motors' India plant

    Quote Originally Posted by Neanderthal View Post
    Let's see...Chyyynnnaaaa! buys an American asset in their (Chyyynnnaaa's!) mortal enemy's nation, India. I can see all sorts of positive fallout here.
    not so sure you have that the right way around. India consider China to be its imaginary enemy (the one you have when you dont really have one but except for some border disputes they seem to get along Ok.

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