男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
  Home>News Center>Bizchina
       
 

GM to invest US$3b in China in 3 years
(Agencies)
Updated: 2004-06-07 12:03

General Motors Corp plans to invest more than US$3 billion in China over the next three years with the introduction of new vehicles and power trains, the building of new facilities and expansion of manufacturing and a new financing joint venture, the automaker announced Sunday.

GM to invest US$3b in China in 3 years
US auto giant General Motors will invest more than US$3 billion in China over the next three years and double capacity to 1.3 million vehicles in the same period. Here a GM model and a Chinese guard on the Great Wall. [AFP file]
The new investment will be funded by profits from GM's China joint ventures, and the company said it is expected to open up jobs and business opportunities in North America and China.

"GM remains highly confident in the long-term prospect of the China market. With the world's fastest-growing vehicle market, success in China is crucial to GM's global success," said Phil Murtaugh, chairman and chief executive of General Motors China Group.

The world's No. 1 automaker and its Chinese partners plan to introduce nearly 20 new and upgraded products, including luxury vehicles, in the next three years, most made in China. Among those will be several Cadillac models, which will be made at Shanghai GM and imported from North America.

GM and Chinese partner Shanghai Automotive Industry Corp. Group plan to build an advanced prototype lab to test noise, vibration and harshness, as well as a kinetics and compliance lab.

The company said it also will more than double its vehicle assembly capacity in China, to 1.3 million units by 2007.

In addition, GM and SAIC have received approval from Chinese banking regulators to establish a joint financing venture, which would be the first foreign automotive financing joint venture in China, GM said in a statement.

The company's announcement on Sunday came after first-quarter earnings released in April showed it was improving in Asia and strong in its financing arm.

GM's automotive operations reported a 12 percent increase in earnings in the first quarter of 2004, from US$546 million last year to US$611 million, despite lower production levels in North America and Europe.

GM Asia Pacific earned US$275 million, up from US$75 million a year ago. Its market share grew from 4.3 percent last year to 4.7 percent in the first quarter, led by gains in China and India.

In the first quarter, GM and its partners sold roughly 178,000 vehicles in mainland China, a 56 percent jump from the same time in 2003.



 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.

 

Advertisement
         
主站蜘蛛池模板: 南宁市| 定陶县| 乌拉特后旗| 宣恩县| 浦江县| 铁岭市| 松江区| 乌兰浩特市| 台前县| 海淀区| 恩平市| 吉林省| 丽江市| 长治县| 松江区| 都昌县| 永州市| 黄冈市| 江陵县| 阜阳市| 沁源县| 旺苍县| 共和县| 英山县| 芒康县| 雷波县| 榆中县| 乌拉特前旗| 象山县| 台山市| 卓资县| 葫芦岛市| 大兴区| 鹤庆县| 措勤县| 竹溪县| 潢川县| 安陆市| 五家渠市| 金昌市| 牡丹江市| 凤凰县| 博罗县| 五河县| 万宁市| 吉隆县| 泗阳县| 翼城县| 衡阳市| 平定县| 淳安县| 昌黎县| 漾濞| 彰化市| 尉犁县| 宜良县| 乌拉特中旗| 沧州市| 永新县| 新丰县| 渑池县| 岐山县| 文安县| 额尔古纳市| 阜南县| 南皮县| 岳西县| 和静县| 永城市| 延寿县| 桓仁| 海南省| 梅州市| 拉孜县| 宜黄县| 贵港市| 黄山市| 无锡市| 寿光市| 南昌市| 广宗县| 清镇市|