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.
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Famous quotes containing the words general, motors, joint and/or venture:
“We all have known
Good critics, who have stamped out poet’s hopes;
Good statesmen, who pulled ruin on the state;
Good patriots, who, for a theory, risked a cause;
Good kings, who disembowelled for a tax;
Good Popes, who brought all good to jeopardy;
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And damned the general world for standing up.—
Now, may the good God pardon all good men!”
—Elizabeth Barrett Browning (1806–1861)
“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)
“Such joint ownership creates a place where mothers can “father” and fathers can “mother.” It does not encourage mothers and fathers to compete with one another for “first- place parent.” Such competition is not especially good for marriage and furthermore drives kids nuts.”
—Kyle D. Pruett (20th century)
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—Ralph Waldo Emerson (1803–1882)