GM to form China venture, invest $293 million Partnership with FAW Group will produce light-duty trucks and vans Aug 30, 2009 SHANGHAI - General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of $293 million. The 50-50 joint venture, based in the northeast China city of Changchun in Jilin province, will make light-duty trucks and vans, GM said in a statement. "For us in China, this is an important complement to the rest of our portfolio," Kevin Wale, president and managing director for...