GM to build plant in Russia, invest $200 mln - Ifx

Newswire

MOSCOW, May 29 (Reuters) - General Motors Corp. will build a new car plant in Russia and invest $200 million in the project, Russian Economy Minister German Gref said on Monday, Interfax news agency reported. Gref told President Vladimir Putin that GM had signed an agreement with the Economy Ministry to build a factory outside the northern Russian city of St. Petersburg. The factory will produce three car models, the agency said.

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