GM to take over S.Africa's Delta Motor Corp

Newswire

JOHANNESBURG, Jan 21 (Reuters) - U.S. car maker General Motors (GM) is to buy the remaining 51 percent of South Africa's Delta Motor Corporation, subject to government approval, the two parties said on Wednesday. GM, the world's largest automaker, has a 49 percent stake in the Eastern Cape-based automotive manufacturer, acquired in 1997 when it returned to South Africa after 11 years. Negotiations for the takeover of Delta Motor Corporation resumed last year. GM has in the interim ...

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