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GM China JV feels auto slump (from Corporate Dealmaker)

The economic slowdown in China is being felt by General Motors Corp.'s passenger vehicle joint venture. Shanghai General Motors Corp., the crippled giant's joint venture with SAIC Motor Corp., on Monday posted a 7% drop in 2008 sales. Overall, GM sales in China rose 6% in 2008, carried by sales...

Posted on January 6, 2009 2:30 PM

Chinese official says GM's plans for JV are moving forward (from Corporate Dealmaker)

After a week of speculation, the chairman of Shanghai Automotive Industry Corp. has confirmed that General Motors Corp. is planning to increase its 34% stake in a JV co-owned by SAIC and Wuling Automobile. That's according to a report in Thursday's China Business News. Another report said SAIC-GM-Wuling Automobile, with...

Posted on November 14, 2008 9:05 AM