(Recasts with company dropping bid, adds Shanghai Auto, analyst comments) By Ben Blanchard SHANGHAI, March 24 (Reuters) - China's Blue Star, a chemical company that also runs a string of noodle restaurants, said on Wednesday it had given up plans to buy control of South Korea's Ssangyong Motor Co as it couldn't agree a price. Blue Star's failed attempt to buy a stake in the car maker opens the way for General Motors' main Chinese partner, Shanghai Auto, to try again after creditors ...
Premium Content (PAID Subscription Required)
"UPDATE 1-China's Blue Star drops bid to buy Ssangyong" 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!
Current subscribers, please login or CLICK for support information.