GM invests $5B in new global vehicle family - Detroit Free Press
General Motors is spending $5 billion over the next decade to develop a new family of Chevrolet vehicles aimed at emerging markets such as China, India, Brazil and Mexico. Together GM and SAIC expect to reduce the number of separate vehicle architectures, now about 14 worldwide, to four by 2025, a consolidation that will save money while preserving the flexibility to add or subtract certain features that are more... "This new vehicle family will feature advance technologies focused on connectivity, safety and fuel efficiency delivered at a compelling value," said Mark Reuss, GM executive vice president for global product development, purchasing and supply... Dan Ammann, GM president, said the new vehicles will be manufactured and sold in a variety of markets, but especially in Brazil, China, India and Mexico. There are no plans to export these vehicles to mature markets such as the U. S. While most of the vehicles will be small, they will include crossover utility models as well as passenger cars. GM is halting production in Indonesia and more recently stopped making the Chevrolet Sonic in Thailand. The first vehicle to be developed through this initiative is planned for sale in the 2019 model year and run through most of the following decade. Source: www.freep.com
