GM CALLS IT QUITS ON AUTO SALES IN INDIA
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.