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Shanghai GM to spend $16bn developing new vehiclesShanghai GM, a joint venture between General Motors and China's SAIC Motor Corp, plans to spend 100 billion yuan ($16 billion) over the next five years developing new vehicles, Shanghai GM President Wang Yongqing said on Sunday. More… |
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Hyundai Motor to invest $73 billion by 2018South Korea's Hyundai Motor Group, the world's fifth-largest automaker, said on Tuesday it would spend $73 billion over four years on expanding capacity, building new headquarters and developing new vehicles. The country&# More… |
