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News Breaks | | | | November 28, 2012 | | 10:36 EDT |  | GM | SAIC-GM-Wuling to build third manufacturing base in Chongqing
SAIC-GM-Wuling announced that it will build a third manufacturing base in Chongqing Municipality to keep pace with the rising demand for its vehicles. The joint venture between GM China, SAIC and Wuling Motors will begin construction of its new facility early next year, pending relevant government approvals. The RMB 6.6B first phase is scheduled to open in 2015. The facility will have an annual production capacity of 400,000 vehicles and engines. It will adopt GM’s global manufacturing processes and standards. SGMW will discuss which models will be built closer to the start of production. | |
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News For GM From The Last 14 Days Check below for free stories on GM the last two weeks. |
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| May 6, 2013 | | 06:23 EDT |  | GM | General Motors, Ford heavily investing in Russia auto market, Detroit News says
 Subscribe for More Information | | | 06:18 EDT | | GM | Ford, others see Thailand as springboard for exports, Bloomberg reports
Ford’s factories in Thailand can produce eight times more vehicles than it sells locally. And Thailand is Southeast Asia’s biggest car market and an export hub for the region as automakers such as Ford ship most of the vehicles to nearby countries tax-free. Ford and Japanese automakers sees Southeast Asia as a way to help overcome slowing sales in markets like Europe, and has said its expansion in Thailand is part of an “aggressive growth plan” for the region. Reference Link | | | 06:06 EDT | | GM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Toyota (TM) and Honda (HMC) were top sellers a few years ago and by a wide margin. No more. Now, it is a wide-open market. Ford (F) and GM (GM) have turned their midsize sedans into real challengers and closed the quality gap with Japan, the Wall Street Journal reports...There was no big news at Berkshire Hathaway’s (BRK.A) annual meeting this past weekend, but there was one great lesson for investors: Perhaps the most important thing you can do when everything seems to be going right in your portfolio is to listen to somebody who insists you are wrong, the Wall Street Journal reports...REUTERS: Some Verizon Communications (VZ) shareholders say they could be happy for the company to pay up to $130B for Vodafone Group’s (VOD) stake in their U.S. wireless venture. Two large shareholders in Verizon say they could be comfortable with paying 20% to 30% more to secure Verizon Wireless, Reuters reports...A unit of Sinopec Group (SHI) and brokerage China Galaxy Securities are launching Hong Kong IPOs today seeking to raise up to $3.5B in total, injecting life into Asia's moribund IPO markets where deal values more than halved in Q1, Reuters reports...BLOOMBERG: Bond investors are gaining confidence that Fed Chairman Bernanke will unwind the central bank’s unprecedented $3.3T balance sheet without sparking a crash similar to 1994, Bloomberg reports...Apple (AAPL) is missing out on an opportunity to court up to 2.8B new smartphone customers, many of them in Asia, as wireless-service providers balk at conditions imposed by the iPhone maker and drag their heels in signing on as partners, Bloomberg reports. | |
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