Print Version
www.fxclub.com - Forex Club
The site section: «Trader's tools»
The page name: «The FOREX market news»
The document address: http://news.fxclub.com/forex/news?action=print&id=7317533&key=00c0d8752d3981ff76d85095c359a5fc99b67dd8
Date and page printing time: November 21th 2009 01:20 GMT
Trade's Tools | The FOREX market news
DJMN: GM In Talks To Bring Chinese Cars To India -Report
NEW DELHI (AFP)--U.S. auto giant General Motors Co. is in advanced talks with its Chinese partners on a proposal to bring their vehicles to India, the Press Trust of India reported Saturday.
GM began talks with its partners, SAIC Motor Corp. (600104.SH) and Wuling, eight months ago to explore possibilities of bringing their light commercial vehicles to India.
"Now we know what can work in India and what cannot," Karl Slym, the president of General Motors India, was quoted as saying by the news agency.
"We are at a position [where] very, very soon we should be able to make a decision" on how to proceed, Slym said.
GM and the two other companies have a three-way joint venture in China known as SAIC-GM-Wuling Automobile Co.
They are also looking beyond bringing only commercial vehicles to India through their partnership, the news agency said.
SAIC-GM-Wuling sells both commercial and passenger vehicles, including Wuling brand minivans, Wuling brand mini-trucks and the GM Chevrolet Spark mini-car.
"The company has vehicles beyond the commercial vehicles. They also would be very successful if we adapted them through our engineering center into India," Slym was reported as saying.
There was no immediate comment available from GM, which is the biggest foreign auto maker in China, with expected sales of at least 1.4 million vehicles in the country this year.
Lately, GM has been making major efforts to capture a larger slice of the fast-growing Indian vehicle market.
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=JRpYnFx6gH%2FEWyKsVCS9MA%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
November 07, 2009 03:33 ET (08:33 GMT)
© 2007 Forex Club Financial Company, Inc. All rights reserved.
TWO WORLD FINANCIAL CENTER
SUITE 4302, NEW YORK, NY 10281, UNITED STATES
1-800-881-3809, email: info@fxclub.com
|