China: GM to repurchase 1% SAIC JV stake

General Motors plans to exercise its option to buy back the 1% stake in Shanghai GM that it sold to partner SAIC last year, reports Bloomberg. GM chief executive Dan Akerson told shareholders of the company’s plans at its recent annual meeting in Detroit. Early last year, Chinese regulators approved the Subscribe to Automotive World … Continued

• By Webmaster
• June 9, 2011