SHANGHAI — China's Administration for Industry and Commerce and the Shanghai municipal government issues a business license to General Motors Corp.'s first mainland-based automotive parts distribution center. The center, GM Warehousing and Trading (Shanghai) Co. Ltd., represents an initial investment of US$3.4 million by GM Overseas Corp. China operations. The new warehouse, operational beginning this month, will carry about 15,000 lines of automotive parts, shortening the delivery time ...
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