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:
“No government can help the destinies of people who insist in putting sectional and class consciousness ahead of general weal.”
—Franklin D. Roosevelt (1882–1945)
“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)
“I conjure thee, and all the oaths which I
And thou have sworn to seal joint constancy,
Here I unswear, and overswear them thus,
Thou shalt not love by ways so dangerous.
Temper, O fair Love, love’s impetuous rage,
Be my true Mistress still, not my feign’d Page;
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Thirst to come back;”
—John Donne (1572–1631)
“I should venture to assert that the most pervasive fallacy of philosophic thinking goes back to neglect of context.”
—John Dewey (1859–1952)