10/17/2008 05:12 am ET Updated May 25, 2011

GM's Future In China, Building Hybrids

SHANGHAI (AFP) - General Motors marked its 100th anniversary Tuesday, saying its future lay in China as it broke ground on a research facility that will develop hybrid and electric cars for the Chinese market.

The 250-million-dollar complex, expected to open by the end of next year, will be home to a research centre for developing alternative fuels and cleaner cars, GM Asia Pacific President Nick Reilly said.

It will also serve as GM's Asia-Pacific headquarters.