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GM in talks on cooperation in India
SAIC, GM in talks on cooperation in India: source
Posted Friday, Oct 16, 2009, 11:19 am in Employee News
China’s biggest automaker, is in talks with its partner General Motors Co. to explore new business opportunities that include India, a source with knowledge of the matter said on Friday, Reuters reported.
India’s Economic Times reported that the Shanghai-based automaker was close to taking a stake in General Motors India but did not provide further details, the publication said. The source told Reuters that discussions between SAIC and GM were aimed at expanding their ties, including opportunities in India, one of the world’s fastest growing auto markets.
The U.S. automaker produces Cadillac, Buick and Chevrolet models in Shanghai with SAIC, the report said. The partners also manufacture Wuling-brand minivans and pick-up trucks in south China, the story said. (Reuters)
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Rick
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