SHANGHAI — General Motors Corp. confirms that it is in talks with Shanghai Automotive Industry Corp. (SAIC) and Liuzhou Wuling Automotive Co. Ltd. to set up a joint venture to produce mini-trucks and mini-buses. Under the tentative agreement, SAIC will hold a 50% stake in the new JV, while GM will contribute its technological abilities. Officials at Liuzhou-Wuling say they will invest land, production facilities and their workforce to the JV. The plan calls for the mini-vehicle annual ...
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