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SAN FRANCISCO (AP) — Ivory dealers in San Francisco's Chinatown stood in their shop doors next to windows full of carved ivory tusks and trinkets, unfazed by proposed federal rules that the White House says go as far as possible to ban the U.S. trade of ivory from the world's endangered elephants.
General Motors said Tuesday it would invest $5 billion to introduce a new family of smaller cars under the Chevrolet line targeting emerging markets and co-developed by Chinese partner SAIC Motor. The largest US automaker plans to manufacture and sell the vehicles in China, Brazil, India and Mexico and export the cars to other emerging countries, but not to mature markets such as the United States. The first all-new Chevrolet in the program is expected in the 2019 model year, and the program is anticipated to grow to more than two million vehicles annually.