LIUZHOU, China — General Motors Corp. and Shanghai Automotive Industry Corp. (SAIC) extend their partnership through a proposed purchase of leading China mini-vehicle maker Liuzhou Wuling Automotive Co. Ltd. GM and SAIC currently operate a joint venture in Shanghai that produces Buick sedans, minivans and compact cars. The deal with Liuzhou Wuling, based in the Guangxi Zhuang Autonomous Region, proposes the largest automotive asset reorganization ever to be executed in China. Under the ...
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