euronews Business's video: General Motors bails out of India and South Africa - economy

General Motors has announced further retrenchment. The carmaker said it will stop selling vehicles in India by the end of this year and cancel most of a planned $1 billion (900 million euro) investment to build a new line of low-cost cars there though it will continue some manufacturing there for export. General Motors India announces that it will focus on export manufacturing operations and cease sales in Indian market by end of 2017.— ANI (@ANI_news) May 18, 2017 … READ MORE : http://www.euronews.com/2017/05/18/general-motors-bails-out-of-india-and-south-africa euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more Subscribe for daily dose of business news: http://bit.ly/1pcHCzj Made by euronews, the most watched news channel in Europe.