GM Expands Its China Operations
General Motors is expanding its China operations. It has signed up to a 2bn yuan ($293m; £180m) joint venture with the Chinese state-owned carmaker FAW to make light trucks and vans. The vehicles will initially be sold in China under the FAW brand, but could in future be exported under the GM brand.
They will be produced at existing FAW facilities in the cities of Changchun and Harbin. GM sold 818,442 vehicles in China in the first six months of 2009, compared with 1,094,561 in the whole of 2008. Demand was particularly strong for its minivans and other small vehicles.