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'General Motors Company' formed; active on Indian business |
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July 10, 2009 |
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New Delhi, 10 July 2009: General Motors Corporation has come out of bankruptcy as it signed a deal today to sell its best assets to a new company that will be majority-owned by the U.S government, essentially taking the vast majority of the company out of bankruptcy.
Following this, their Indian subsidiary, GM India, said that it will aggressively pursue its operations without modifying the business plans.
"GM will continue to remain aggressive in India in order to take advantage of opportunities as they arise," General Motors India President & Managing Director, Mr.Karl Slym said in a statement.
"Our goal is to continue to provide the best cars to our customers across the country while taking advantage of the extensive global resources offered by the new General Motors Company," he added.
General Motors today steered itself out of bankruptcy, with the launch of the new restructured firm, known as "General Motors Company".
Mr.Slym said the future plans for the Indian operations are on track and it would go ahead with its proposed launches.
"We have no intention to modify our product, brand or other business plans including new product launches - the all new Chevrolet Cruze from our mother plant in Halol and an all new Chevrolet mini car from our new plant at Talegaon," he added.
GM India is committed to ensure that its customers continue to receive a "top-notch" sales, service, spare parts and warranty coverage experience, he said.
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