GM in Joint Venture with Egypt 

General Motors Corp. (GM) said on 17 June that it had received final approval from Egypt to assemble cars and to establish parts manufacturing joint ventures in Egypt involving as many as 18 US and European companies.

Under the agreement, a new company called General Misr Car Company (GMCC) will start producing Opel models next year from imported kits at an existing Egyptian state-owned plant. The new company, which will be capitalized at...