BEIJING, Oct 28 (Reuters) - Top Chinese automaker SAIC Motor Corp said it plans to set up a 51-49 percent auto sales company with its long-time partner General Motors . The move is a sign that the two sides are close to a deal which will allow GM to buy back the 1 percent stake in its 49-51 flagship Shanghai car venture with SAIC, industry observers say. Shanghai GM, which makes Buick, Chevrolet and Cadillac models, had previously been a 50-50 partnership. In a deal the two sides ...
Premium Content (PAID Subscription Required)
"SAIC says to form 51-49 pct sales company with GM" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642