China continues foreign automotive investment incentives after all
With China serving as the world's largest automotive market, manufacturers are keen to make inroads in the region. The local government incentivised foreign-owned manufacturing plants for some seven years before the National Development and Reform Commission removed the industry from its approved list in an attempt to stave off overcapacity. Automotive News reports GM and VW have both invested heavily in the region, with the latter set to begin construction on an all-new facility. The new plant is part of a $13 billion investment in China and will join Volkswagen's 12 other car and component facilities in the region.
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