General Motors Corp. says it will build a $387 million engine plant in China and announces plans to buy the low-volume domestic vehicle producer Etsong (Qingdao) Vehicle Mfg. Co. Ltd. for an undisclosed price. The engine factory will be located in Liuzhou and is expected to be completed by 2007, with an initial capacity of 300,000 units annually. GM will convert Estong's plant to minivehicle production by later this year. Initial yearly production will be 60,000-70,000 units. ...
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