Key Highlights :
1. Hyundai Motor India has reached a conditional agreement with General Motors to acquire the latter’s shuttered manufacturing plant in Talegaon.
2. Before the sale is completed, the American carmaker will need to resolve legal disputes with its employees’ union following the collapse of a previous sale agreement with Great Wall Motor of China last year.
3. Assuming the latest transaction secures regulatory and government clearances, Hyundai Motor India may be able to start trial production at the idle plant within the next 18 months.
Hyundai Motor India has reached a conditional agreement with General Motors to acquire the latter’s shuttered manufacturing plant in Talegaon. However, before the sale is completed, the American carmaker will need to resolve legal disputes with its employees’ union following the collapse of a previous sale agreement with Great Wall Motor of China last year.
Continue Reading at Source : livemint