SAIC Motor may take passive stake in GM's Saab
comment
Source: Global Times
Published: September/09/2009 13:34
Once burned twice shy
Major Chinese automakers, including Beijing Automotive Industry Holding Corp, have attempted several overseas acquisitions in recent years with mixed results.
SAIC has successfully launched a mid-range sedan line, the Roewe, developed on the basis of technologies acquired from defunct British car maker MG rover.
(Reuters)
