General Motors hopes its fortunes in India will rebound with the help of Shanghai Automotive. The partners now have an equal stake in General Motors India. GMI car and light-truck sales surged 59.8% to 110,361 units in the year 2010, compared with the prior year. During this year’s first half, sales fell 8.2 % to 55,117. SAIC obtained its stake in loss-making GMI last December for $500 million. The JV is investing that amount to raise the Indian plant’s capacity to 405,000 units annually ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.