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GM to invest $1.5B in North American factories

Source: Dawn News | 18-01-2013

General Motors says it will invest $1.5 billion in its North American factories this year.

North American President Mark Reuss announced the figure in a speech Wednesday night but gave no details. The company says specific plants and job numbers will come later.

GM is revamping 70 per cent of its US models as it switches from the oldest lineup in the industry to the newest.Reuss says the investment is in addition to the $10.2 billion GM already has spent on its factories since July of 2009. The company has added about 2,000 US jobs since then.

GM recently unveiled new full-size pickup trucks, a completely redone Chevrolet Corvette and a Cadillac luxury version of the Chevrolet Volt plug-in electric car. It says more announcements are coming.

No gas for CNG stations, industries during 3 winter months

Source: Geo News | 19-09-2013

ISLAMABAD: The Ministry of Petroleum and Natural Resources has decided to close down the gas supply to CNG stations, captive power plants (CPPs) and industrial and fertiliser sectors in the coming winter season. During December, January and February, the country is estimated to experience a gas shortfall of 1.8 billion cubic feet of gas per day. The..... Read more

Corporate results: Growth slows to a crawl at Unilever Pakistan

Source: Tribune | 27-02-2013

In what may be the first sign of a slowdown in at least some areas of consumer spending, Unilever Pakistan announced that its top line grew by about 15%, its slowest revenue growth in three years. The company announced its financial results on Tuesday, and tried to put up a brave face on the results. Net revenue for the financial year ending December 31, ..... Read more

Crude up in Asia on China demand hopes

Source: the news | 17-12-2012

Oil was up in Asia Monday on trader expectations of a hike in Chinese crude demand after a key survey showed its manufacturing activity hitting a 14-month high in December, analysts said. New York's main contract, light sweet crude for delivery in January rose 23 cents to $86.98 a barrel and Brent North Sea crude for February delivery advanced ..... Read more

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