UPDATE 2-Chasing VW, GM and China partner agree 4th plant


(Recasts, adds company and analyst comments, details) By Ben Blanchard SHANGHAI, Feb 26 (Reuters) - General Motors Corp , the world's largest auto maker, and Shanghai Automotive Industry Corp inked a deal on Thursday for a fourth jointly-owned car factory in China as GM tries to catch up with Volkswagen AG . Their 50-50 venture, Shanghai GM, will buy a 50 percent stake held by four Chinese firms in the troubled Jinbei GM plant in the northeastern city of Shenyang, a GM executive said ...

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