GM to invest $1B in India

• General Motors (GM +1.9%) plans to invest $1B in India to create a global export hub.
• The new investment is part of the strategic $5B partnership with SAIC announced earlier this week.
• Though capacity out of India is being cut by GM, the automaker will use the funds to improve efficiency and consolidate.
• Previously: GM to put $5B on emerging markets bet (Jul. 28 2015)