General Motors hopes its fortunes in India will rebound with the help of Shanghai Automotive. The partners now have an equal stake in General Motors India. GMI car and light-truck sales surged 59.8% to 110,361 units in the year 2010, compared with the prior year. During this year’s first half, sales fell 8.2 % to 55,117. SAIC obtained its stake in loss-making GMI last December for $500 million. The JV is investing that amount to raise the Indian plant’s capacity to 405,000 units annually ...
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