A two-year deal worth $900 million was inked recently by General Motors Co. and its Shanghai General Motors joint venture. This would mean that GM can now export Cadillac, Buick and Chevrolet vehicles and components to China. The carmaker said that the vehicle exports are valued at $500 million and the component exports are valued at $400 million. GM’s largest market right now is China. Last year, it sold 2.35 million vehicles in China, a 29% increase from 2009.
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