As time runs out on Great Wall deal, General Motors finds exit from Talegaon tougher

The woes for the maker of Chevy cars continue as its term sheet to sell the plant to China's Great Wall Motors is to expire on June 30, with the proposal stuck for more than two years due to the strict rules governingFDI. To add to its legal challenges, the Maharashtra government's opposition to the closure of the Talegaon plant was upheld by the Bombay HC.

from Auto-Industry-Economic Times https://ift.tt/vmocyOs