GM to set up $250 mln research centre in China -CEO


BEIJING, Oct 29 (Reuters) - General Motors Corp , one of the world's top two automakers, will open a $250 million scientific research centre in China, Chief Executive Rick Wagoner told reporters in Beijing on Monday. GM makes cars in China with the mainland's biggest car maker SAIC Motor Corp. GM's global sales rose to a record 2.38 million vehicles in the third quarter of 2007, but sales in North America, which accounts for 44 percent of sales and is its largest market, fell 6 percent. ...

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