General Motors Co. has ended its attempt to sell a mothballed plant in India for about $300 million to China’s Great Wall Motor Co. after failing to get government approval to close the deal.
GM had twice extended the terms of the deal to close the sale as the two sides waited for a green light from the Indian government. When the June 30 deadline came and went, the Detroit automaker called off the sale and will instead explore other options, a spokesman said.
The collapse of the deal is the latest snag in GM’s exit from India. The automaker is also