SAIC signs formal agreement to buy GM’S plant in Halol
Thursday, April 6, 2017, 3:59 PM
China’s largest automaker SAIC has signed the long-deliberated deal with General Motors to buy the latter’s plant in Halol in Gujarat, according to a filing in the Shanghai Stock Exchange (SSE) on Wednesday. The filing did not reveal any further details about the agreement. While the decision of shutting down the Halol plant was echoed by the American automaker in July 2015.