Shanghai Auto chief resigns SHANGHAI — Yu Zichong, chairman of Shanghai Automotive Industry (Group) Co. (SAIC), retires with board-nominated Chen Xiangling waiting in the wings as his successor, a press report here says. Chen is president of SAIC. In a second announcement, Lin Shunan, chairman of the company's board of supervision, also is resigning and will be replaced by Chen Zongde, the firm's deputy party secretary. The changes require the approval of shareholders. Shanghai Auto lists ...

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