GM plans to invest $1 bn in Russia

General Motors will invest $1 billion (778 million euros) in Russia over five years to more than double production by 2015, the managing director of its Russian operations said.

"The reason we are there is we see opportunity," James Bovenzi said late Thursday at a dinner event organized by the US-Russia Business Council on the sidelines of the Detroit auto show.

Read more: France24

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Posted in: Business, GM, Russia