GM Inside News Forum banner

1 - 1 of 1 Posts

·
Registered
Joined
·
756 Posts
Discussion Starter #1
by Associated Press/By JOHN PORRETTO

DETROIT (AP) -- General Motors Corp., the world's largest automaker, said Wednesday it has received final approval from the South African government to buy the remaining stake in Delta Motor Co., which controls nearly 11 percent of the South African auto market.

Financial terms were not disclosed.

GM bought 49 percent of Delta in 1997, when it returned to South Africa after 11 years. The automaker, like many other American companies, pulled out of the African nation because of U.S. sanctions imposed against the apartheid system of white dominance and racial segregation.

Full Story
 
1 - 1 of 1 Posts
Top