GM China: still pursuing CV project with FAW

General Motors Corp.'s (GM) China President Kevin Wale said Tuesday the U.S. auto maker, which filed for Chapter 11 bankruptcy protection Monday, will continue to pursue a commercial vehicle joint venture with China FAW Group Corp.
 
"We anticipate moving forward with that in a positive manner," Wale said.
 
GM and FAW said in February they were in talks to form a partnership. The two auto makers planned to set up a light commercial vehicle joint venture, an FAW official said then.
 
Wale added GM's automobile sales in China in May rose 75% from a year earlier to 156,000.
From: Dow Jones

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