General Motors announced plans Tuesday to invest $5 billion to introduce a new family of cars under the Chevrolet line targeting emerging markets, co-developed by Chinese partner SAIC Motor.
The largest US automaker expects to manufacture and sell the vehicles in China, Brazil, India and Mexico and export the cars to other emerging countries. The first entry is expected in the 2019 model year, and the program is anticipated to grow to more than two million vehicles annually.
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