General Motors Corp. finalizes plans to acquire a fourth auto plant in China, a move that would double GM China’s production capacity. The plant, Yantai Bodyshop Corp., is a longtime partner with GM-affiliate Shanghai Automotive Industry Corp. Both GM and SAIC are taking 25% individual stakes in the new plant, while their Shanghai-GM Automotive Co. Ltd. joint venture controls the remaining 50%. Shanghai-GM’s plant currently is at full capacity, 100,000 units annually, and quickly needed ...
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