GM to build vehicle testing ground in China http://www.reuters.com/article/tnBasicIndustries-SP/idUSPEK4224520071012
Fri Oct 12, 2007
SHANGHAI (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) said on Friday it will build a comprehensive vehicle proving ground in China as the Detroit automaker seeks to speed up research and development in the world's second-largest car market.
Shanghai General Motors, GM's venture with Shanghai Automotive Co Ltd (600104.SS: Quote, Profile, Research), will spend 1.6 billion yuan ($213 million) on a 5.6 square kilometer (2.16 sq mile) testing ground, China's biggest, in the eastern province of Anhui. http://www.reuters.com/article/tnBasicIndustries-SP/idUSPEK4224520071012