SAIC Motor may take passive stake in GM's Saab

• Source: Global Times
• [13:34 September 09 2009]
• Comments

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)