UPDATE 3-GM Chinese venture to build $1 bln plant in Chongqing

Newswire

* $1.06 bln first phase of plant scheduled to start in 2015 * Annual production capacity to be 400,000 vehicles By Ben Klayman 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 the GM group bids to remain the leader in the world's largest auto market. GM, SAIC Motor Corp and Wuling Motors Holdings Ltd said they ...

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