Inchcape, Great Wall Motors form strategic partnership

(Sharecast News) - Global automotive distributor Inchcape has formed a global strategic partnership with China's Great Wall Motor Company, the company said on Friday. Under the partnership, Inchcape and GWM will develop new areas of collaboration, including opportunities to distribute GWM vehicles in markets where Inchcape is already present, starting with Indonesia.

"GWM's global leadership in both battery and hybrid electric vehicles has the potential to significantly expand Inchcape's electric vehicle offering while GWM will benefit from Inchcape's strong track record of successful market entries for original equipment manufacturers, as well as its industry-leading capabilities across data, digital and technology services," Inchcape said in a statement.

Reporting by Frank Prenesti for Sharecast.com