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Great Wall Motor to acquire Indian plant from General Motors for $249m..

Synopsis

Great Wall Motor, a Chinese automobile manufacturer, agreed to acquire an automobile factory in India from General Motors, the automaker company, for $249m. "The Indian market has great potential, rapid economic growth and a good investment environment. Entering the Indian market is an important step for Great Wall Motor's global strategy," Liu Xiangshang, GWM's Vice President for Global Strategy.

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