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To: Webster Groves who wrote (83751)8/25/2008 10:18:10 AM
From: Gemlaoshi  Read Replies (2) | Respond to of 116555
 
GM announces $5 billion investment in China
Posted Dec 7th 2007 11:16AM by Brian White
Filed under: Competitive strategy, General Motors (GM), China

General Motors (NYSE: GM), which continues the grapple with Toyota Motor (NYSE: TM) as the world's largest automaker, said this week that it plans to invest up to $5 billion in China over the next half-decade in order to ensure it grabs the best market share it can in that country's rapidly growing car market.