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GM to Invest $1 Billion in India to Boost Exports

General Motors said Wednesday it would invest $1 billion over the next few years to turn India into a global export hub, even as it cuts production capacity in the country due to sluggish demand. The Detroit carmaker, which has the capacity to produce more than 280,000 cars a year in India, will reduce this to 220,000 a year by 2025 as it stops making cars at one plant and modestly raises capacity at its second plant in the country. "We need to have that kind of consolidation and...

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