• Most Popular
  • Most Shared

GM says needs to build another China plant in 5 yrs

Mon Jun 1, 2009 10:01pm EDT

SHANGHAI, June 2 (Reuters) - General Motors Corp GM.N said on Tuesday it will need to build another China plant in the next five years if it is to meet a goal of selling 2 million cars in China within five years.

Stocks  |  Global Markets

Kevin Wale, president of GM China Group, made the comments at a news conference. (Reporting by Simon Rabinovitch; Editing by Edmund Klamann)

Stocks
Global Markets


More from Reuters

Photo

Personal spending and income rise in November

WASHINGTON (Reuters) - Consumer spending rose for a second straight month in November as incomes recorded their biggest gain in six months, data showed on Wednesday, boosting hopes of a self-sustaining economic recovery.

» More Top News
Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

Technology
man walks past a stock quotation board displaying the Nikkei share average outside a brokerage in Tokyo June 1, 2009. REUTERS/Toru Hanai
Reuters Breakingviews:

Running out of options

Bad news for safety-oriented investors: the AAA debt market is shrinking, and what's left will leave many with less diversification and lower returns than they're used to, writes columnist Agnes Crane.  Commentary 

Reuters Breakingviews