Following GM's exclusive announcement in March that General Motors revealed a new commercial vehicle imported into China the automaker has just
officially issued a GM reward for importing its business into Asia. GM has signed a letter of interest (LoI) with the government of Shanghais Pudong New Area for $100 million invested in
the new GM Premium Export Business Unit which the company has signed up to today to import vehicles into China.
It has been crafted to complete a wide range of smears. In addition to its core business models with the new GM being SAIC-GM,
it will act as an incubator in China. Our latest agreement on the Shanghai and China market is important for GM's
long-term confidence said Julian Basset GM executive vice president and chairman of GM China's constitution.
This allows us to take advantage of new opportunities by adding a wide range of products
and services to please consumers. GM Premium Imports in particular is going to be a new business.