The China Securities Regulatory Commission has approved plans by SAIC Motor Corp to acquire an additional 1% stake from General Motors in its 50-50 car joint venture with the US OEM, reports Reuters. GM had agreed to sell the stake to SAIC in December. The additional stake, which puts control of Subscribe to Automotive World … Continued
The China Securities Regulatory Commission has approved plans by SAIC Motor Corp to acquire an additional 1% stake from General Motors in its 50-50 car joint venture with the US OEM, reports Reuters. GM had agreed to sell the stake to SAIC in December.
The additional stake, which puts control of
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https://www.automotiveworld.com/articles/80949-china-saic-takes-majority-stake-in-gm-venture/
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