New Shanghai plant boosts GM's China JV capacity


SHANGHAI, May 28 (Reuters) - General Motors Corp.'s flagship China venture opened a new plant in Shanghai on Saturday that brought its nationwide production capacity to almost half a million units in an increasingly competitive market. The new facility, part of GM's $3 billion investment blueprint with its Chinese partners, is capable of churning out 160,000 medium-sized Buick Excelle sedans and could produce the Cadillac STS luxury sedan in the future. Operations at the plant, located ...

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