China’s Shanghai Automotive Industry Corp. (SAIC) is in discussions concerning a possible merger with Yuejin Motor Group, says a Yuejin official. Yuejin is the Chinese partner of Fiat SpA and has a 50/50 joint venture plant with the Italian auto maker in Nanjing that produces light commercial vehicles. The official says Yuejin approached SAIC about a merger last year, but no deal has yet been reached. SAIC is the second biggest and most profitable auto group in China. The proposed ...
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