Friday, February 10, 2012

Summary Box: GM gets OK for new China plant (AP)

THUMBS UP: General Motors Co. won approval from environmental authorities in central China for a new $1.1 billion assembly plant, though the company says it has not yet decided on the plan. The go-ahead is one of many required a large project.

WORKING ON IT: GM's office in Shanghai issued a statement saying the company would make "sustainable plans" for expanding production capacity based on market conditions, and would share details "at a proper time."

ACCELERATING SALES: Sales of GM-branded vehicles by GM and its Chinese partners rose 8.3 percent in 2011 to a record of 2.5 million vehicles.

Source: http://us.rd.yahoo.com/dailynews/rss/china/*http%3A//news.yahoo.com/s/ap/20120210/ap_on_bi_ge/as_china_gm_summary_box

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