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18 May 2017
 |
| Chevrolet (The Total Investment & Insurance Solutions) |
General Motors Co. is pulling its Chevrolet brand out of India, South
Africa and East Africa by the end of this year. The Total Investment & Insurance Solutions
The company will retain its assembly plant in
India but will only make vehicles for export. It is selling a plant in South
Africa to Isuzu Motors. The Total
Investment & Insurance Solutions
GM says the changes will save the company
$100 million per year. It will take a charge of $500 million in the second
quarter to complete the actions. The
Total Investment & Insurance Solutions
GM CEO Mary Barra said the company wants to
focus on markets that will help its profitability and competitiveness. It also
needs to spend more on future mobility projects like autonomous vehicles.
Earlier this spring GM exited the European
market, selling its Opel and Vauxhall brands to PSA Group.The Total Investment & Insurance
Solutions
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