GM in talks to boost stake in China JV - paper

Newswire

SHANGHAI, Jan 18 (Reuters) - General Motors Corp. intends to raise its stake in its commercial vehicle venture in southwestern China as the giant seeks to boost its sales in emerging markets, the Shanghai Securities News reported on Friday. GM is in talks with the parent of Shanghai-based SAIC Motor Corp to raise its stake in SAIC-GM-Wuling, a three-way tie-up between GM, SAIC and Liuzhou Wuling Automobile, the newspaper said, citing unnamed sources. Officials at GM in Shanghai and SAIC, ...

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