General Motors Joint Venture
Hindustan and General Motors have had several tie-ups in the post independence era to produce Bedford Trucks, Vauxhall Motors (1980 to 1990), Allison Transmissions and off-road equipment. In 1994, GM and Hindustan (C K Birla) formed a 50-50 joint venture, General Motors India to make Opel Astra cars. GM bought out the Halol, Gujarat plant from Hindustan in 1999. On 21 February 2012, Mr. Manoj Jha, the Managing Director stepped down from his post. The decision was unanimously accepted by the board of directors.
Read more about this topic: Hindustan Motors
Famous quotes containing the words general, motors, joint and/or venture:
“If men would avoid that general language and general manner in which they strive to hide all that is peculiar and would say only what was uppermost in their own minds after their own individual manner, every man would be interesting.”
—Ralph Waldo Emerson (1803–1882)
“When General Motors has to go to the bathroom ten times a day, the whole country’s ready to let go. You heard of that market crash in ‘29? I predicted that.... I was nursing a director of General Motors. Kidney ailment, they said; nerves, I said. Then I asked myself, “What’s General Motors got to be nervous about?” “Overproduction,” I says. “Collapse.””
—John Michael Hayes (b. 1919)
“Your letter of excuses has arrived. I receive the letter but do not admit the excuses except in courtesy, as when a man treads on your toes and begs your pardon—the pardon is granted, but the joint aches, especially if there is a corn upon it.”
—George Gordon Noel Byron (1788–1824)
“Writing, when properly managed ... is but a different name for conversation: As no one ... would venture to talk all;Mso no author, who understands the just boundaries of decorum and good breeding, would presume to think all: The truest respect which you can pay to the reader’s understanding, is to ... leave him something to imagine, in his turn, as well as yourself.”
—Laurence Sterne (1713–1768)