GM Exiting India and South Africa Markets

[Frosty]

GM has just announced that they are going to exit selling cars in India and South Africa. Isuzu will take over South African operations. GM will continue to operate it's plant in India but for export only.

https://www.usatoday.com/story/money/cars/2017/05/18/general-motors-india-south-africa/101822552/

 

Clearly GM is now pursuing profits over market share by exiting Australia (e.g. Holden), Europe (Opel/Vauxhall), now India and South Africa. The Venezuela plant is still in the hands of the government there. So GM is trying to fill up its coffers with cash, re-trench, and invest in profitable markets. So does this mean that the once largest company on earth is now going to become a smaller regional car company in North America and Asia?

[Ringo64]

Seems to be the goal they have in mind to move forward with. Wonder if they have some deal with the factory in India that they're keeping it and exporting.

[Frosty]

I don't know. It may also be more strategic to keep a plant in the near-Far East for export to Indonesia, Australia, New Zealand, Singapore, Sri Lanka, etc. It will leave some extra production capacity in the region if the Korean and Chinese plants start to reach their capacity. That's my theory anyway.