China/US: SAIC confirms interest in GM IPO

SAIC Motor Corp's chairman, Hu Maoyuan, has indicated that the Chinese OEM may invest in the IPO of General Motors, further cementing ties between the two companies. According to a Bloomberg report, SAIC will consider investing in GM if "conditions are favourable," quoting comments from the chairman. However, he acknowledged Subscribe to Automotive World to … Continued

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• September 21, 2010