General Motors faces unexpected bill due to India-China tension
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