S.Africa's Delta says GM wants majority stake

Newswire

JOHANNESBURG, Oct 29 (Reuters) - South Africa's Delta Motor Corporation said on Wednesday U.S. car maker General Motors had resumed negotiations to acquire a majority shareholding in the company. General Motors has a 49 percent stake in the Eastern Cape-based automotive manufacturer, acquired in 1997 when it returned to South Africa after 11 years. "General Motors Corporation has resumed negotiations with Delta Motor Corporation with a view to potentially acquiring a majority shareholding ...

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