GM to leave some mar­kets

San Francisco Chronicle - - BUSINESS -

Gen­eral Mo­tors Co. is pulling its Chevro­let brand out of In­dia, South Africa and East Africa by the end of this year.

The com­pany will re­tain its assem­bly plant in In­dia but will only make ve­hi­cles for ex­port. It is sell­ing a plant in South Africa to Isuzu Mo­tors.

GM says the changes will save the com­pany $100 mil­lion per year. It will take a charge of $500 mil­lion in the sec­ond quar­ter to com­plete the ac­tions

CEO Mary Barra said the com­pany wants to fo­cus on mar­kets that will help its prof­itabil­ity and com­pet­i­tive­ness. It also needs to spend more on projects like au­tonomous ve­hi­cles.

GM has al­ready ex­ited the Euro­pean mar­ket, sell­ing its Opel and Vaux­hall brands to PSA Group.

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