GM Downplays China’s End of Policy to Attract Foreign Investment
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General Motors Co., the biggest overseas automaker in China, downplayed the risks to its expansion plans in the world’s largest car market after the state ends a seven-year policy to attract foreign investments.
“We expect the new guideline to have minimal negative impact on GM’s future plans in China,” the Detroit-based company said in a statement today. Dayna Hart, a Shanghai-based spokeswoman at GM, didn’t elaborate on the statement.