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SAIC to develop 'green' cars

by Joyce Pan

SAIC MOTOR Corp yesterday said it plans to invest 12 billion yuan (US$1.76 billion) in the next three to five years to develop new-energy sedans and auto parts. The nation's largest car maker signed an agreement...

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<p><a href="http://www.shanghaidaily.com/sp/article/2009/200907/20090704/article_406306.htm"> SAIC to develop 'green' cars </a> by -- SAIC MOTOR Corp yesterday said it plans to invest 12 billion yuan (US$1.76 billion) in the next three to five years to develop new-energy sedans and auto parts. The nation's largest car maker signed an agreement... </p>