Investments expected to add 650 jobs, automaker says.
Livio develops software that lets drivers connect to their smartphones through their car radios or dashboard infotainment systems.
Communist government promoting auto manufacturing, but still fine-tuning policies to encourage smaller, fuel-efficient vehicle sales.
Automake’s purchase of 200 million shares still leaves government $21B short of breaking even.
Automaker will focus development activities on plug-in technologies, says product development boss.
The Venucia R50 hatchback will sell for as little as $10,760.
Automaker updating plants and preserving jobs to build next generation Chevy Cruze.
Job cuts and plant closure part of a restructuring plan to save $1.9 billion a year.
Automaker recalls more than 500,000 of its uber-popular compact sedan over fluid leak fires.
Restructuring in Poland, England and Germany has company hopeful it will turn operations around overseas.
Low EV sales cause the Asian country to cut back on investments and buyer incentives.
Investment will create 320 jobs at plant that manufactures engines for GM trucks and vans