Great Wall Motors extends term sheet for General Motors' factory takeover SECTIONS Share Synopsis The term sheet, which was set to expire in the middle of 2021, has been extended to December, giving more breathing space to both Great Wall and General Motors to conclude the deal, several people in the know said. ThinkStock Photos Great Wall Motors has extended the term of its initial agreement to acquire General Motors' India factory by six months, as the Chinese SUV maker still awaits New Delhi's green signal for its billion-dollar foreign investment proposal. The term sheet, which was set to expire in the middle of 2021, has been extended to December, giving more breathing space to both Great Wall and General Motors to conclude the deal, several people in the know said.