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03-07-2007
GENERAL
Motors Corp's Chinese minicar venture has opened
a two-billion-yuan (US$263 million) engine plant
to take advantage of the country's booming vehicle
sales.
SAIC-GM-Wuling Automobile Co will start production
in August with the capacity to produce 300,000
engines a year, GM said in a statement yesterday.
The factory in Liuzhou, southwest China, will
make 1.1-liter and 1.2-liter engines.
GM, the largest United States car maker, has
opened new plants in China while closing factories
at home, as it aims to raise annual sales here
to one million vehicles by next year at the
latest, Bloomberg News reported. SAIC-GM could
raise its annual capacity to 700,000 vehicles
from about 400,000, Kevin Wale, chairman of
GM's China unit, said in April.
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