GM to export $900 million in autos, parts to China

January 24, 2011

GM to export $900 million in autos, parts to China

Associated Press

Shanghai— General Motors Co. says it plans to export $900 million in vehicles and parts to China under a two-year agreement signed with its flagship joint venture, Shanghai GM.

The company said in a release over the weekend that the agreement is among various trade and investment deals signed in connection with Chinese President Hu Jintao’s state visit to the United States.

Vehicle exports will be worth $500 million and components worth $400 million under the agreement. The amount of GM’s current exports, excluding the deal, was not immediately available.

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