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|1st June 2009, 23:27||#61|
Join Date: Jan 2009
As the bankrupsy is going on, go through the article in forbes
The Not So Global General Motors - Forbes.com
A quote from that
"A U.S. administration official said last week that while having a global footprint is desireable, "we cannot be in a position where U.S. taxpayer dollars are going to fund cash flow problems at subsidiaries outside of the U.S."
Forget global efficiency; with government bureaucrats calling the shots, it's all about protecting domestic jobs."
SO WHAT ABOUT GM INDIA????
Any contacts made today ?
|2nd June 2009, 10:53||#62|
Join Date: Feb 2004
Thanked: 103,403 Times
I cannot recommend a Chevy to anyone until a clearer picture emerges.
|2nd June 2009, 11:01||#63|
Join Date: Mar 2007
Thanked: 250 Times
GM India seems positive!
Source - Economic Times
GM India assures it’s ‘there for you’
With the North American operations of car major General Motors (GM) filing for bankruptcy, its Indian subsidiary has been busy
fire-fighting to send out the message that all is well. The company has posted some of its key representatives across 35 cities to handle “any fear or apprehension” that the customers may have on the future of GM’s operations here in India.
To address concerns related to spare parts, investments, new launches and service networks in the country, the company is launching a new marketing campaign called “there for you, there for India”. “We are not cutting back on investments, or stopping production of any model,” said Ankush Arora, GM India V-P, marketing and sales. In fact the US auto maker is going ahead with its new launches in the country. In a few days, it will launch the LPG variant of the Spark followed by the Chevrolet Cruze in September and the mini car early next year.
“We are launching a print campaign which will talk about the uninterrupted supply of spare parts, new product launches, the expanded service network and the investments,” said a senior company official. Till date, GM India has invested over Rs 5,000 crore across its facilities in Halol, Talegaon and Gurgaon. With the slowdown in vehicle sales, GM India was on a single shift operation in Talegaon. It expects to go back to the double shift as and when demand picks up.
The company has started helping dealers stock up spare parts and has dedicated a complete stockyard of spare parts at its Talegaon unit. Spare parts are currently being imported from Thailand, Korea, Japan and Europe. GM’s India operations are independent of North America.
“Sourcing of components and investments are routed through the Asia Pacific region,” said company officials.
Currently GM’s Latin American and Asia-Pacific operations are profitable. “The Indian operations have been profitable for the past few years and is completely insulated from the bankruptcy that has affected the North American operations,” said an auto analyst at a Mumbai-based brokerage.
After discontinuing the Opel brand a few years ago, GM India currently retails only the Chevrolet brand which includes models like Tavera, Optra, Aveo, UV-A and Captiva in India.
|2nd June 2009, 11:04||#64|
Join Date: Jan 2009
As far as I know GM - India does not buy too many parts from US for the cars sold here. Personally I don't think there will be any significant impact and I am even thinking of buying a Spark. I have a feeling that dealers will offer even sweeter deals in the next few weeks!
|2nd June 2009, 11:40||#66|
Senior - BHPian
Join Date: Oct 2006
Location: Mumbai - The city of Sea Link!!!
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Has anyone visited the Chevrolet India lately? Have a look:
GM India Confidence
Edit: An answer to Amit's post from GM India Website!
There is news that there are some financial problems with GM India’s parent company in the US and the company may close down its Indian operations like Daewoo?
This is absolutely incorrect. GM is a large corporation and the developments in the US have no bearing on our Indian operations. The bankruptcy proceedings, if it all these take place, will be aimed at reorganizing the US operations of GM - to be very precise, this action will be specifically limited to GM’s North American operations.
In the US, “bankruptcy” or “Chapter 11,” contrary to the newspaper reports and speculation, is used as a powerful tool to make a company stronger to suit changing business environments. Therefore, Chapter 11, if used in North America, will only make GM stronger than ever before.
Remember, GM has a proud history of more than 100 years. As far as GM's Indian operations are concerned, we are not going anywhere. GM is here to stay and GM India will continue all its normal operations in the future also. GM India is a successful, independent business unit and we do not see any change to our growing operations in India.
Last edited by amtak : 2nd June 2009 at 11:44.
|2nd June 2009, 11:50||#67|
Join Date: May 2009
Thanked: 821 Times
Infact GM INDIA is planning to launch the CRUZE sometime this year. Why will they launch a new car if they will not be able to sell the existing ones.
Also since they filed for it chapter 11 doesnt mean that the company will close down. It means they start afresh leaving all the previous debts behind. The US Gov will have 60% share in the company and GM will now cease to be a private entity. Also they plan to sell of Hummer, Pontiac and two other brands to counter with this crisis.
|4th November 2015, 12:40||#68|
Join Date: Oct 2006
Thanked: 21 Times
Tough road ahead for GM?
This article appeared in Times of India today. GM seems to be struggling a lot on keeping its dealers happy.
Moderator's Note: Please search before you decide to open a new thread. If a relevant thread already exists then post in that one. Your new post has been moved to this GM thread.
Last edited by Zappo : 4th November 2015 at 13:31.
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