Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

GM's Chinese JV opens new USD1.3b plant  Join our daily free Newsletter

MENAFN - 19/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) The SAIC-GM-Wuling, a joint venture between General Motors Co. and its Chinese partners, opened a USD1.3 billion plant in China to produce the Baojun brand, reported AP.

The plant, based in the southwestern Guangxi province, will produce 400,000 cars on annual basis.

Furthermore, the joint venture, which is focused on manufacturing mini-trucks and microvans, is also setting up a powertrain factory.

The factory is forecasted to open in September next year, and would make 400,000 engines per year.

It is worth noting that China surpassed the US and became the biggest auto market in the world by cars sold in 2009.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help