China: SAIC Motor to establish investment subsidiary

According to a report in the Shanghai Daily, SAIC Motor Corp is to establish an equity investment subsidiary to invest in auto and auto-related industries. The company's board is reported to have approved the creation of the proposed unit, which will have a registered capital of Yuan 500m (US$75.5) and be based Subscribe to Automotive World … Continued

• By Webmaster
• January 12, 2011