SANTA BARBARA, CA – General Motors Corp. likely will add new products to the Liuzhou, Guangxi, China assembly plant it recently acquired in a 3-way deal with Shanghai Automotive Industry Corp. and minivehicle specialist Liuzhou Wuling Automotive Co. Ltd. In June, GM paid more than $30 million for a 34% stake in SAIC-Wuling Automotive Co. Ltd., a company formed in July of 2001 by SAIC and Wuling. SAIC remains the majority shareholder in the 3-way deal, with a 51% stake, while Liuzhou Wuling ...
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