October 1, 2014 / 2:42 PM / 3 years ago

BRIEF-GM says China JVs planning to invest $14 billion from 2014-2018 to open new assembly plants

Oct 1 (Reuters) - GM

* Says China joint ventures planning to invest $14 billion from 2014 to 2018 to open five new assembly plants

* Says to launch 60 new or refreshed vehicles in china, including 9 new suvs, from 2014 to 2018

* Says GM Financial expects to enter china market later this year

* Says plans to cut core vehicle platforms from 14 in 2015 to 11 in 2020 and to 4 in 2025

* Says expects China joint ventures to maintain net income margins in 9 to 10 percent range Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below