Deenaxo Automotives

    Dive into the high-stakes game that unfolded at General Motors (GM) during financial turbulence. Uncover the captivating narrative of why Saturn and Hummer were sacrificed to avoid bankruptcy, leaving Oldsmobile in an unexpected spotlight. Strategic Maneuvers: Saturn's Orbit: Delve into the factors that led GM to part ways with Saturn, once hailed for innovation, and how its departure became a calculated move in the quest for financial stability. Hummer's Roar and Retreat: Explore the rise and fall of Hummer, the rugged icon of the road, and the pivotal role its sale played in reshaping GM's future landscape. Oldsmobile's Last Stand: Unravel the surprising decision to keep Oldsmobile afloat amidst financial challenges, dissecting the rationale behind preserving a brand facing headwinds. General Motors (GM) made strategic decisions to sell Saturn and Hummer but retain Oldsmobile during a period of financial turmoil to address its financial challenges. Several fac

 The source added that "in all likelihood, an agreement between SAIC and Volkswagen internationally is more likely, given the current strong relationship with the Volkswagen Group."     MG Motor is in talks with Volkswagen as well as the Mahindra-Ford JV to lease its plants to manufacture its cars in India. The move comes as the company - a British brand but a subsidiary of China's SAIC - faced government scrutiny in the wake of border tensions between India and China, especially when it comes to new investment plans.   

  He said that it is expected to take a long time to get the approval of the Indian government for China-related deals and that although sales should still be at some point, GM has not changed its plan to start operating the plant next month .  General Motors' delay in selling its Indian plant to Great Wall Motor is likely to result in heavy unplanned costs for the American automaker due to tensions between India and China, people familiar with the matter said. He said that it is expected to take a long time to get the approval of the Indian government for China-related deals and that although sales should still be at some point, GM has not changed its plan to start operating the plant next month . "By next year, it will either be a closed GM site or it will be an operating site along the Great Wall," a source said. GM had planned to use the expected sales income of $ 250 million- $ 300 million to pay off liabilities with the exit from manufacturing in India, which anothe