General Motors to Invest $3-$4 Billion in Asia-Pacific
Posted on: Friday, 25 January 2008, 09:00 CST
In order to compensate the loss of domestic market share in the US, General Motors plans to invest $3-$4 billion in the Asia-Pacific region in the next few years, the company's Asia-Pacific president David Nick Reilly has said.
Mr Reilly said: "The main investment in the last three years around Asia-Pacific has been around $3-4 billion, we are intending to continue in about that rate, so about $3-4 billion."
He hoped that the growth of the company in 2008 would be particularly driven by the performance in Asia-Pacific region, where its sales have been rising.
General Motors has reported worldwide sales of 9.37 million in 2007, which is an increase of 3% from 2006.
Source: Datamonitor
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