GM to invest USD5 billion to jointly produce Chevrolet-brand cars with China's SAIC for "emerging" markets
US automaker signed co-operation deal with its Chinese partner to develop and sell a new range of technology-focused small cars, based on a common architecture and engine
General Motors (GM) is planning to invest as much as USD5 billion over the next several years to develop a "new family" of Chevrolet-brand cars through its Chinese joint venture (JV) partner, Shanghai Automotive Industry Corporation (SAIC), according to a Bloomberg report.
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