General Motors’ China Joint Venture to Spend $16 Billion to Develop New Products

April 19, 2015 3:35 PM

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GM’s China Venture to Develop at Least 10 New or Upgraded Models Each Year From 2016-20

SHANGHAI—A major General Motors Co.’s joint venture in China said Sunday it plans to spend 100 billion yuan, or $16 billion, in new-car development in the 2016 to 2020 period to cater to Chinese tastes.

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