Investment Updates News
- GM to boost investment for market share
Date: 7-Dec-2007 Sources: (Shenzhen Daily)
GENERAL Motors Corp. (GM), the world's largest automaker, plans to invest as much as US$5 billion in China over the next five years to expand its share of the world's fastest-growing major car market.
The Detroit-based company will spend about US$1 billion a year on car and engine development, production facilities, technical and after-sales support and infrastructure, said Kevin Wale, president of GM's China unit, in Shanghai on Thursday.
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