GM says makes progress on Russian car plant deal

Newswire

FRANKFURT, May 30 (Reuters) - General Motors Corp is in advanced talks to set up a car plant in Russia but has not yet clinched the deal, a spokesman for GM Europe said on Tuesday. He was reacting to comments made by Russian Economy Minister German Gref, who was quoted by the Interfax news agency as saying on Monday that the world's biggest carmaker had agreed to invest $200 million to build a new factory near St Petersburg. "GM has not confirmed that a deal is finalised although it has ...

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