GM to sink $14b into China over five years

Company to open five new plants, introduce new models in nation

General Motors is to invest $14 billion in China over the next five years and open five new manufacturing plants to increase annual sales in the world's largest car market to nearly 5 million vehicles.

The company's plans for China also include introducing 60 new models or revamped vehicles, including nine new models from its flagship luxury brand Cadillac, GM Chief Executive Officer Mary Barra said on Wednesday.