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General Motors sells its Indian units to Chinese major Great Wall Motors

Chicago, Chinese carmaker Great Wall Motors (GWM) will take over General Motor’s (GM) manufacturing facilities in Thailand by the end of 2020, as the US automaker prepares to withdraw from some non-profitable operations in Asian Pacific region.”Under a signed binding term sheet, GM Thailand and GM Powertrain Thailand legal entities, which include the Rayong vehicle assembly and powertrain facilities, will transfer to GWM,” the Chinese automaker said in a statement released on Monday.GM and GWM are targeting the end of 2020 to close the deal and hand over the site, the Xinhua news agency reported.The Thai deal will be the second recent plant purchase GWM from GM, following another agreement the two reached in January to transfer GM India’s Talegaon manufacturing facility to GWM.”The global

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