Expansion of GM (China)
12 January 2009
News from related report says that GM and its joint ventures completed several important projects recently, including the expansion of SAIC-GM-Wuling's plant in Qingdao and the second phase of its Liuzhou West Plant.
In addition,Shanghai GM, the US giant's joint venture with China's largest automaker SAIC, invested 2.67 billion yuan to open its second vehicle manufacturing plant in Shenyang late last month, producing the new Chevrolet Cruze.
GM believes that the slowdown is temporary. For a long-term consideration, it's time to invest in the market to stimulate sales for a robust future development.
Source : english.chinabuses.com
Editor : Frederick
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