Jet Airways to sell Netherlands business to KLM Bankrupt Indian airline Jet Airways Ltd said it had agreed to sell its assets in Netherlands to Dutch airline KLM. If the deal is finalised, it will only involve a sale of part of the company’s business and not impact the shareholding pattern, Jet said in a statement dated Jan. 16. It did not detail the assets held in Netherlands.
China's Great Wall agrees to buy General Motors' India plant - sources 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 is likely to pave the way for GM’s exit from manufacturing cars in the country. GM in India did not immediately respond to a request for comment. Great Wall was not immediately reachable for comment. Chinese automakers are accelerating plans to build cars in India to combat slowing sales at home and have been encouraged by the initial success of rival SAIC Motor in the country, sources have told Reuters. While car sales in India are stuttering, the market is expected to become the world’s third biggest by 2026, behind China and the United States, according to consulta