Reuters exclusively reports Great Wall Motor to shift some India investment to Brazil after approval delays - Reuters News Agency
Automotive

Reuters exclusively reports Great Wall Motor to shift some India investment to Brazil after approval delays

Reuters exclusively reported that Great Wall Motor has decided to re-allocate to Brazil a portion of its $1-billion investment in India, as the Chinese automaker has been unnerved by a year-long delay in winning government approvals. The re-allocation, which could range up to $300 million, comes as the sources said the maker of popular sport-utility vehicles (SUVs) and pick-ups was close to acquiring a former Daimler plant in Brazil to build cars.

Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Equities
Regions: AsiaSouth America
Countries: BrazilIndia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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