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SAIC, GM said to announce Indian JV on Friday

Bruce Nunnally

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Shanghai, December 3 (Gasgoo.com) Chinese auto giant SAIC Motor and its partner General Motors are expected to announce a joint venture in India tomorrow, Dow Jones reported today, citing a source with knowledge of the matter.

GM already makes passenger vehicles in India, but the new joint venture can expand its operations, the source said. In October, Indian media reported that Shanghai-based SAIC Motor was in talks with GM for exploring opportunities in India, a fast-growing auto market, and close to taking a stake in GM India.

GM and SAIC have passenger and commercial vehicle-making joint ventures in China. The U.S. automaker produces Cadillac, Buick and Chevrolet models in Shanghai with SAIC. The partners also manufacture Wuling-brand minivans and pick-up trucks in southern China.

Read more: http://autonews.gasgoo.com/auto-news/10131...-on-Friday.html


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