GM, Ford to send $2 billion in parts, vehicles to China

General Motors Corp. and Ford Motor Co. will send nearly $2 billion worth of vehicles, parts and machinery to China during the next few years, part of a package of 30 deals between American businesses and China announced Monday before trade talks.
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The deals come as China faces growing political pressure on Capitol Hill over trade and currency policies.

Eleven U.S. senators, including Democrats Debbie Stabenow of Michigan and presidential candidate Barack Obama of Illinois, called Monday for the Bush administration to press China on letting its currency gain value in world markets.

Source: Detroit Free Press