GM CALLS IT QUITS ON AUTO SALES IN IN­DIA

USA TODAY International Edition - - MONEY -

Gen­eral Mo­tors said Thurs­day it plans to stop sell­ing ve­hi­cles in In­dia and shed its oper­a­tions in South Africa by the end of 2017, a move that con­tin­ues the au­tomaker's re­treat from parts of the world where its prof­its were lag­ging so it can fo­cus on prof­itable re­gions. The Detroit au­tomaker said early Thurs­day that it will trans­form its busi­ness in the once- promis­ing In­dia mar­ket into an ex­port- only op­er­a­tion and will sell its oper­a­tions in South Africa to Isuzu. GM said it will stop sell­ing its Chevro­let brand in both mar­kets by the end of 2017. GM wants to fo­cus more fi­nan­cial re­sources on re­gions of the world where it is prof­itable, es­pe­cially North Amer­ica and China, and fo­cus on de­vel­op­ing au­ton­o­mous cars.

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