Confusion over Chinese bids for Ssangyong Motor

Newswire

SHANGHAI, Dec 19 (Reuters) - Two Chinese companies claim to have won their government's permission to bid to take over South Korea's Ssangyong Motor , clouding a deal to rescue the struggling auto maker. Shanghai Automotive Industry Corp (SAIC) -- General Motors Corp's main partner in the booming China car market -- said late on Thursday it had received Chinese government permission to bid to take over the South Korean company. Just two days earlier, creditors for Ssangyong had ...

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