GM teams up with SAIC for $100m joint venture
By Li Fangfang | China Daily | Updated: 2009-12-05 07:16
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Workers assembling vehicles at the SAIC-GM-Wuling Automobile Co production line in Liuzhou, Guangxi. GM and SAIC together operate eight joint ventures in the country. Bloomberg News |
General Motors Co on Friday said it has set up a $100 million joint venture in Hong Kong along with Shanghai Automotive Industry Corp Group (SAIC) to focus on the Asian markets.
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