GM Outsources $1b Parts To India
GM's new contract with the United Auto Workers (UAW) was sold to all and sundry as a necessary step to protect U.S. jobs. Meanwhile, GM continues to send jobs overseas. The Times of India reports that GM's set to triple parts production on the subcontinent, ramping-up to $1b worth over the next three years. The Indian-made bits and pieces will head-off for GM products worldwide. GM's President and Managing Director of GM India told reporters in Chennai that GM is currently exporting $300m of parts from India. Karl Slym also revealed that The General was planning to set up a powertrain production facility in country. It's not clear if the engines would find homes abroad. That could depend on the success of the Chevrolet Captiva SUV in the Indian market. In an echo of GM's Opel becomes Saturn Astra U.S. strategy, GM will begin by importing the Captiva from Korea. If it's a hit, they'll shift to local production.
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