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Old 2nd November 2009, 15:31   #16
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IMHO FIPB shouldn't approve it until China opens up their own auto sector completely.
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Old 4th December 2009, 11:20   #17
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Default GM to transfer half of GM's India operations to Chinese company SAIC

looks like GM is going to sell majority of its stake in its joint venture in china to its partner SAIC Motor Corp also plans to transfer half of GM's India operations to the Chinese company
more here
GM to brief media, sources say China JV deal near - Yahoo! India News
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Old 4th December 2009, 11:48   #18
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This is veryu BAD news for the employees of GM-India i feel. one more question. will the R&D division be sold or only the production unit
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Old 4th December 2009, 11:57   #19
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Quote:
...expected to announce a deal to sell 1 percent of its 50-50 China joint venture to SAIC, China's biggest automaker, and to transfer half of GM's India operations to the Chinese company....


Can someone predict what it means to Indian Customers/Employees.

1) Does it mean we are going to have Expats from across work inside India?

2) Or are the cars going to be half made in China and imported/assembled here?

The article is not very detailed. Anyone please explain the repurcussions.
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Old 4th December 2009, 12:40   #20
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The implications are not clear, but would like the govt to step in protect the interest of the local manufacturers and other already invested.
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Old 4th December 2009, 16:00   #21
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Quote:
Originally Posted by abhi1309 View Post
What about cars? Any chances of newer models ......
GM and SAIC Motor plan to establish a joint venture in India by the first quarter of 2010, to make small cars from Shanghai GM and mini-commercial vehicles from SAIC-GM Wuling Automobile Co.

source:
CORRECT: General Motors, SAIC Motor Formed New 50-50 JV - WSJ.com

Dumb yanks! Their appetite for "Made in China" destroyed half of their country's pride. And now they are licking their wounds and Chinese boots...

This is a classic case of trojan infection as far as the Indian auto sector is concerned. The Chinese may be the new bosses for the rest of the world, here in India we shouldn't yield an inch. If GM can't make babies, oops cars without SAIC? Fine, lets say a big thank you and good bye.

Last edited by sandeepmdas : 4th December 2009 at 16:15.
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Old 4th December 2009, 16:06   #22
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This is pathetic to say the least. India is close to being a world class market and does'nt need these inferior quality products.Hope it does not come through.
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Old 4th December 2009, 16:09   #23
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It is GM's way of raising capital whilst retaining a foot in the India market
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Old 4th December 2009, 16:29   #24
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I guess if this news is true we should all stop buying GM cars and kick them out of the country. I'm not going to touch GM products by a barge pole if SAIC is going to call the shots here. Chinese cars = cheap imitations.

Last edited by longhorn : 4th December 2009 at 16:31.
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Old 4th December 2009, 16:57   #25
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It means people in India should stop buying Chevrolet cars . It also indirectly means Chevrolet are incapable of handling their products and want an inferior company to worsen things for GM.(China=Cheap) Just keep this equation in your mind while purchasing chinese products no matter how cheap they are.
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Old 4th December 2009, 17:35   #26
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This is a real bad news, china not only make cheap product but unreliable product and worst quality products.

we all know that they don't make any good product and a good example is the mobile phone in our market without IME number.

Better GM close their company.

Last edited by Sudan_NFS : 4th December 2009 at 17:38.
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Old 4th December 2009, 18:12   #27
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The problem is GM India is desperate for more fresh capital and this will not come from the parent company in the US which is still on life support out of the public's money. Neither are they profitable enough to run on their own steam. GMDAT in Korea (they supply assembly kits to GM India for all cars except the Tavera) would have shortened credit periods due to their weak financial position.
In a way we should appreciate GM India's desire to fight it out rather than succumb to the situation they are in.
SAIC is cash rich co. and is a major player in the protected Chinese market (all MNCs have to be collabrate with a local co.) and backed by their Communist patrons. But their attempts at competing in established global markets have been a faliure.
In a similar scenario to GM India, SIAC bought controlling stake of SsangYong from GM-Daewoo. But at the first instance of the co. struggling they simply washed their hands followed by mass lay offs and the staff started rioting.
Perhaps this venture will be under the close scrutiny of the Indian Govt.
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Old 4th December 2009, 18:26   #28
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Going off topic, heres something that Fritz Henderson's (the GM President who was sacked recently, they seem to be going through the past present and future management like a firing range) daughter, Sarah Henderson wrote to GM on their webpage, Interesting reading:

"He f-ing got asked to step down all of you f-ing idiots. I'm Fritz Henderson's daughter, and he did not f-ing resign. Whitacre is a selfish piece of shift, who cares about himself and not the f-ing company. Have fun with GM, I hope to never buy from this God foresaken company again. F- all of you."

Shows the state of the companies affairs.

source: Sacked CEO's daughter lets rip - Autocar.co.uk
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Old 4th December 2009, 18:56   #29
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Maybe people need to read the article before offering all sorts of negative comments. GM is not selling its Indian unit to SAIC - it is setting up a new JV for SAIC cars. The consumer is free to accept or reject these products.

Even if it was buying a direct stake in GM India, that does not mean that GM cars will go downhill automatically. It depends on a number of decisions about management, sourcing and so on that we just do not have information about.

Sounds to me like the same carping over Tata's takeover of JLR.
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Old 4th December 2009, 19:30   #30
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Quote:
Originally Posted by longhorn View Post
I guess if this news is true we should all stop buying GM cars and kick them out of the country. I'm not going to touch GM products by a barge pole if SAIC is going to call the shots here. Chinese cars = cheap imitations.
Interesting sentiment, though you are not alone.

OT:
Hyundai is pulling out of Japan, though they are growing globally. It is ample proof that perceptions are a major factor in marketing and selling cars and hyundai was not able to do a good job in Japan. Here is the link - Hyundai Down in Japan, Toyota Thrives in Korea
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