After protracted negotiations, General Motors Corp. finalizes a deal giving the No.1 auto maker access to China’s burgeoning, low-priced minivehicle market. The deal gives GM a substantial market-share increase in the world’s most coveted emerging market. GM in a 3-way agreement is investing more than $30 million for a 34% stake in SAIC-Wuling Automotive Co. Ltd., which was formed last July between China’s leading auto maker, Shanghai Automotive Industry Corp. (SAIC) and minivehicle ...
Premium Content (PAID Subscription Required)
"GM Seals Minivehicle Deal in China" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.