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Updated Saturday, February 11, 2012 0:03 am TWN, AP |
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GM gets environmental OK for new US$1.1 bil. assembly plant in ChinaThe go-ahead by the Hubei Environmental Protection Bureau, seen Friday in a notice posted on its website, is just one approval among many that would be required for such a large project. The 7 billion yuan (US$1.1 billion) vehicle assembly plant would have an eventual annual capacity of 300,000 vehicles, the notice said. GM's office in Shanghai did not comment directly on the project Friday, but issued a statement saying the company would make “sustainable plans” for expanding production capacity based on market conditions, and would share details “at a proper time.” | |||||||||||||