Operations

China's SAIC Buys $500 Million Stake in General Motors

Nov. 18, 2010

China's leading automaker SAIC Motor Corp confirmed on Nov. 18 that it had agreed to buy a stake in General Motors, as the auto giant prepared for one of the largest stock offerings in history. According to a report from IndustryWeek, SAIC said its decision to invest in GM was based on 'confidence in GM's development prospects

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