GM seeks to cozy up with SAIC
By Li Fangfang | China Daily | Updated: 2009-12-23 08:06
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A SAIC-GM-Wuling factory in the Guangxi Zhuang autonomous region. GM is in talks with the Guangxi government to boost its holding in SAIC-GM-Wuling to 44.9 percent from the current 34 percent, according to SAIC's top official. Du Wei |
General Motors (GM), the largest foreign automaker in China, is considering purchasing an additional 10.9 percent stake in the nation's mini-commercial vehicle sales leader, SAIC-GM-Wuling, said an executive at its Chinese partner Shanghai Automotive Industry Corp (Group), or SAIC.
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