Dealers will likely face “legal complications” given that Indian consumer law makes them liable after a manufacturer exits, Vinkesh Gulati, president of the Federation of Automobile Dealers Associations, told Bloomberg.
The former unit of Continental issued 40 million shares on Thursday morning. Continental’s shareholders received one Vitesco share for every five Continental shares they owned.
GM Defense will build 10 heavy-duty armored Suburban SUVs for the U.S. Department of State.
The new advice is likely to rankle owners who are already limiting their use of the Bolt to avoid overheating the battery and risking a fire.
The liens cover 12 years and include more than $1.4 billion in unpaid balances, according to The Aspen Times.