GM emphasises US investment after criticism of spending in China

General Motors, profitable for 13 consecutive quarters, is planning to invest US$16 billion on factories and facilities in the United States from now to 2016, more than it will spend in China, the company said.

"The US$11 billion in capital that will be spent in China by 2016 is coming out of our joint ventures rather than Detroit and is far less than the approximately $16 billion in capital GM will invest in the US over that time," Selim Bingol, GM's vice-president of public policy, said in a letter published in the Wall Street Journal.

via Business feed http://www.scmp.com/business/companies/article/1231842/gm-emphasises-us-investment-after-criticism-spending-china