Shanghai Automotive Industry Corp. says it will sell its 20% stake in Chinese auto maker SAIC Chery Automobile due to a dispute between Chery and General Motors Corp. GM, which is SAIC’s main joint venture partner in China, says Chery appropriated the design of its Chevrolet Spark for its QQ mini-car. The Financial Times reports a top, unnamed executive at SAIC has indicated the auto maker is “angry and disappointed with Chery’s conduct, but that severing its ties with the company would ...
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