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
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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