CHINA: GM JV hopes for Chongqing plant start in new year
By Graeme Roberts | 28 November 2012
General Motors' joint venture with local partners SAIC and Wuling will start building a new plant in Chongqing, China early next year, pending government approvals.
Reuters reported the CNY6.6bn first phase is scheduled to open in 2015 and the plant will have annual production capacity of 400,000 vehicles and engines.
The JV will announce the models to be built there closer to the start of production.
The new plant will help the JV reach its production target of 2m vehicles a year by the end of 2015.
Sectors: Emerging markets, Vehicle manufacturers, Vehicle manufacturing
Companies: General Motors
View next/previous articles
28 Nov 2012 -
Currently reading -
CHINA: GM JV hopes for Chongqing plant start in new year
28 Nov 2012 -
Related company research
General Motors Company (GM) - Financial and Strategic SWOT Analysis Review
General Motors Company (GM) is an automotive manufacturing company. The company, along with its partners, designs, builds, and markets cars, trucks and spare parts around the world. GM’s brands include Chevrolet, Cadillac, Baojun, Buick, GMC, Holden,...
General Motors: Leading US car maker emerges from bankruptcy
This Case Study examines the factors that led to US auto giant GM's bankruptcy in 2009, describes its rescue plan, and assesses its effectiveness....
General Motors Company - SWOT, Strategy and Corporate Finance Report
General Motors Company - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financials, ...
There are currently no comments on this article
Be the first to comment on this article