TAIPEI – General Motors Corp. and Yulon Motor Co. Ltd. have entered into a joint venture to assemble and distribute GM vehicles in Taiwan. The partners will invest NT$2 billion ($62.5 million) to set up a new company, Yulon GM, with Yulon taking 51% controlling interest in the venture and GM holding 49%. Yulon will control four seats on the new 7-man board of directors and will name the company's chairman and president. GM, with three board seats, will appoint the deputies. The new ...
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