General Motors to invest $11bn in China

February 14, 2014 - 9:35:34 am

SHANGHAI: General Motors announced Friday that it plans to invest $11 billion in China before 2016. 

In a statement released to the press today in Shanghai, General motors said the investment will be pumped into three main sectors; they are energy, production and employment. 

China is one of the biggest market for General Motors products. Shanghai General Motors sold 1.58 million cars in 2013, a 13.1 percent year-on-year increase. (QNA)