SAIC Motor Corp Ltd<600104>, China's largest auto maker, is in talks to buy a stake in its partner General Motors Corp's India unit, a source with knowledge of the matter said on Friday, Reuters reported.The discussions between SAIC and GM were aimed at expanding their ties, including business opportunities...
SHANGHAI, Oct 16 - SAIC Motor Corp, China's biggest automaker, is in talks with its partner General Motors to explore new business opportunities that include India, a source with knowledge of the matter said on...
U.S.-based auto giant General Motors Corp is likely to sell more than 1.6 million vehicles in China by the end of this year compared with 1.08 million units sold in 2008, according to Kevin Wale, president and managing director for GM's China operations.GM also aims to a higher growth rate than the overall auto...
U.S.-based auto giant General Motors Corp signed a definitive agreement on Friday to sell its Hummer brand to China's heavy machinery equipment maker Sichuan Tengzhong Heavy Industrial Machinery Co Ltd, the official Xinhua News Agency reported.Under the terms of the agreement, GM will sell the...
U.S.-based auto giant General Motors Corp saw its vehicle sales in China grow 55.6% from a year earlier to a record 1.29 million units in the first nine months of the year, according to a statement posted on its website today.In September, the auto maker and its Chinese joint ventures sold 181,148 vehicles in...
General Motors Corp is continuing its talks with Sichuan Tenzhong Heavy Industrial Machinery Co Ltd, and now hopes to complete the sale by the end of the year, said Walter Borst, the treasurer of GM, Bloomberg reported yesterday.Although their goal was to finalize the deal in the third quarter of this year,...
U.S.-based auto giant General Motors Corp recently opened a science lab in Shanghai to conduct automotive-related research and development.The lab, namely GM China Science Lab, is the first of its kind set up in China by a global auto maker and will help strengthen GM's leading position in China, said...
General Motors Corp intends to buy a 15.9% stake in the three-way mini-van joint venture SAIC-GM-Wuling Automobile Co Ltd from its Chinese partner Liuzhou Wuling Motors Industrial Co Ltd, said Kevin Wale, president of GM China, sources reported.GM currently holds a 34% stake in the JV and hopes to increase...
China's Ministry of Commerce late Monday said it has set conditions on General Motors Corp's deal to buy part of Delphi Corp as it concerns about the negative impact it may bring to the domestic auto market.MOC said in a statement that it would approve GM's plan to buy auto supplier Delphi provided that GM won't set...
U.S.-based auto giant General Motors Corp expects the Chinese government to make some modifications to policy to ensure a steady pace of growth in auto sales next year, Kevin Wale, president and managing director of GM China, said at a media briefing in Shanghai last week, Reuters reported. The U.S. auto...