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FINANCIAL NEWS
GM buys distribution center in Dubai
24 Feb 2012
(MENAFN) General Motors (GM) bought a distribution center in Dubai as the company seeks to further expand its products in the Middle East, Bloomberg reported.
The world’s largest carmaker said the centre has 150 workers who aim to supply any vehicle part within 48 hours.
GM said it acquired the distribution facility, located in Jebel Ali Free Zone, for USD10 million and stocked it with parts worth USD60 million.
It is worth noting that the center will supply replacement and service parts for GM’s Chevrolet, Cadillac and GMC brands, GM added.
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