GM, Shanghai GM signed export bill worth 700 mln U.S. dollars

General Motors and its joint ventures in China -- Shanghai General Motors signed an export agreement with a value of 700 million U.S. dollars in the United States yesterday, which states Cadillac autos and parts will export from the United States to China, in support of General Motors, Cadillac and other brands in China's development, and further to develop General Motors' business in China, which is the most fastest growing car market.

KenW.Cole, vice president of General Motors, who takes charge of global public policy and government relations General Motors stressed that over the past decade, General Motors joint ventures in China have been imported 35 million dollars worth of vehicles, spare parts, equipment and machinery from North America. General Motors (China) expected this year sales of motor vehicles will exceed 1 million in China.