gm to invest 5bn on new chevrolet for emerging markets
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

GM to invest $5bn on new Chevrolet for emerging markets

Arab Today, arab today

Arab Today, arab today GM to invest $5bn on new Chevrolet for emerging markets

General Motors
New York - Arab Today

General Motors announced plans Tuesday to invest $5 billion to introduce a new family of cars under the Chevrolet line targeting emerging markets, co-developed by Chinese partner SAIC Motor.

The largest US automaker expects to manufacture and sell the vehicles in China, Brazil, India and Mexico and export the cars to other emerging countries. The first entry is expected in the 2019 model year, and the program is anticipated to grow to more than two million vehicles annually.

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