GM's Chinese joint venture to build $1 bln plant in Chongqing

Newswire

Nov 28 (Reuters) - General Motors Co and its Chinese joint-venture partners said on Wednesday they plan to build a $1 billion auto assembly plant in the city of Chongqing as part of its push to remain the leader in the world's largest auto market. GM, SAIC Motor Corp and Wuling Motors Holdings Ltd said they will begin construction of the plant early next year pending relevant Chinese government approvals. The 6.6 billion Chinese yuan ($1.06 billion) first phase is scheduled ...

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