GM enters Philippines

Sat, 07 Dec 1996, 00:00 WIB | Source: AFP

MANILA (AFP): General Motors Corp. plans to invest millions of
dollars in the Philippines, a statement from the presidential
palace said yesterday.

The statement was released after a 20-minute meeting between
Philippine President Fidel Ramos and Donald Sullivan, president
of General Motors' Asian and Pacific operations.

Sullivan told Ramos the U.S. car giant aimed to invest in
several projects in the Philippines to complement its car
manufacturing operations in Thailand.

Ramos ordered Trade and Industry Secretary Cesar Bautista to
form a group that would identify areas in the automobile industry
in which General Motors can participate, it said.

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