China's Great Wall to buy GM's Talegaon plant for about $300 mn: Report


Chinese automaker Great Wall Motor has agreed to buy General Motors' (GM) car plant in Maharashtra, two sources aware of the matter said, setting in motion its plan to build cars in the country.

Great Wall, one of the biggest sellers of sports-utility vehicles (SUV) in China, is expected to pay about $250 million to $300 million to acquire the plant, one of the sources said. The deal, which the sources said could be announced as early as Friday, will give a jumpstart to Great Wall's plans to build and sell cars in India and.....

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