UPDATE 1-GM to invest $1 bln in Russia within 5 years

Newswire

By Gleb Stolyarov MOSCOW, Aug 29 (Reuters) - General Motors Co plans to invest $1 billion over the next five years to expand car and component production in Russia, one of the fastest-growing auto markets in the world, its head of international operations Tim Lee said. GM, which produces cars in Kaliningrad, St. Petersburg and Togliatti, will invest the money to increase output capacity and in sourcing local components, Lee said ahead of an ...

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