GUANGZHOU – Guangzhou Automobile Group Co., Ltd. (GAC)’s board of directors has approved a proposal to increase investment in GAC-Fiat Automobiles Co., Ltd. by ¥300 million ($48 million), according to an announcement on Based on the proposal, the board meeting permits shareholders to increase their stakes in GAC-Fiat at original shareholding ratio so that GAC-Fiat can get more financial support to develop new products and expand production ...

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