Deloitte faces complaint over advice prior to MG Rover bankruptcy
Deloitte LLP is facing a complaint from the UK accounting regulator for being unable to "consider the public interest" while advising on transactions which involved the now defunct UK... Read more
Opel teams up with SAIC to sell its cars in China
For Opel to expand sales in China, it may decide to team up with Chinese automaker SAIC, according to German newspaper Handelsblatt. Opel has been in talks with SAIC about a sales... Read more
GM sold 2.55 million units in China amidst waning industry demand
General Motors Co. posted an 8.3% increase in sales in China in 2011 to 2.55 million units, pushed by high demand for its Buick and Chevrolet vehicles. The company’s venture with SAIC... Read more
GM signs agreement with SAIC to develop electric cars in China
General Motors Co. and China's largest domestic carmaker, SAIC Motor Corp., will be developing electric vehicles in an effort to meet government requirements for more low-emission rides... Read more
Goodwood signs memo of understanding with SAIC
Goodwood, Anting ‘Auto City’ and SAIC Motor inked a Memo of Understanding that will enhance cooperation and a mutual understanding of vehicle culture to further develop the Chinese car... Read more
NHTSA administrator visits SAIC, other Chinese carmakers that plan their US debut
The National Highway Traffic Safety Administration revealed that SAIC Motor Corp., the largest domestic carmaker in China, is included in a list of Chinese companies that plan to offer... Read more
SAIC acquires parent company’s 6% stake in GM’s South Korean unit
SAIC Motor Corp. has recently announced several acquisitions, including buying its parent firm’s 6% stake in the South Korean unit of GM. Shanghai-based SAIC, China's largest automaker,... Read more
Patent doc shows GM, SAIC working on 7-speed front-wheel-drive transmission
A patent filing has confirmed that General Motors Co. and partner Shanghai Automotive Industry Corporation (SAIC) are developing a seven-speed front-wheel-drive transmission. There have... Read more
Volkswagen considering new car brand for China
Volkswagen AG is in negotiations with its Chinese partners -- SAIC Motor Corp. and China FAW Group Corp. -- about developing a local brand as rivals prepare to begin sales of new models... Read more
Inteva Products takes control of contracts of newly bought ArvinMeritor unit
After auto supplier Inteva Products LLC bought ArvinMeritor Inc.'s body systems division, it now aims to boost business with German, French, Korean and Chinese automakers. Inteva has... Read more
SAIC to build and sell MG 6 sedan in the UK in 2011
SAIC Motor Corp. is set to manufacture and sell its MG 6 sedan in the United Kingdom in the first quarter of 2011, president Chen Hong said, as China's leading domestic automaker aims to... Read more
MG3 makes public debut at 2010 Guangzhou Auto Show in China
MG has introduced its new small hatchback, the MG3, at the Guangzhou auto show in China. But so far, parent company SAIC has not yet announced the car’s technical information. It will be... Read more
SAIC Motor completes private share placement
SAIC Motor Corp. has completed a private share placement that raised CNY10 billion ($1.5 billion) to help n the development of own-brand and new energy vehicles. SAIC is the China partner... Read more
First Baojun 630 car rolls out of SAIC-GM-Wuling’s plant in Guangxi, China
The first Baojun 630 passenger car recently rolled out of SAIC-GM-Wuling’s manufacturing plant in Liuzhou, Guangxi. SAIC-GM-Wuling, one of GM China's main joint ventures, is relying on... Read more
GM and SAIC in final talks for IPO stake buy
As part of its landmark initial public offering, General Motors Co. is finalizing talks to sell equity to its Chinese partner SAIC Motor Corp., according to two insiders. These two people... Read more
SAIC boosted third-quarter profit 47 percent, thanks to Vw and GM
SAIC Motor Corp. increased its profit by 47% in the third quarter as it sold more cars with partners Volkswagen AG and General Motors Co. in China, the world's biggest auto market. SAIC,... Read more
SAIC might invest in GM’s initial public offering (IPO)
When asked about the possibility of investing in General Motors Co's initial public offering, SAIC Motor Corp. chairman Hu Maoyuan said that it has yet to make a decision but it does not... Read more
SAIC in talks to purchase a stake in General Motors
SAIC Motor Corp. is “closely watching the progress” of the initial public offering of General Motors Co. as it is in talks to purchase a stake. SAIC’s spokeswoman Judy Zhu said, “As a... Read more
GM in talks with SAIC to explore business opportunities
The partnership between General Motors Co. and SAIC Motor Corp. may soon expand to include SAIC taking a stake in General Motors India, according to an unnamed source who spoke to India's... Read more
GM and its Chinese partners are expanding their minivan and pickup truck venture
There are plans to expand the minivan and pickup truck segment of SAIC-GM-Wuling, boosting capacity by almost 50% by the end of 2012. SAIC-GM-Wuling, a tie-up between General Motors and... Read more
GM to sell majority control of its China venture to SAIC
General Motors Co. is expected to enter a deal for Chinese partner SAIC to acquire majority control of its China venture and get as much as half of its India operations, according to... Read more
SAIC considers taking a stake in Saab
Although the size of the investment has not been decided, it is being speculated that SAIC Motor group, China's largest car manufacturer, will take a stake in Saab Automobile in... Read more
GM to sell a 1% stake in its existing China venture with SAIC
For $85 million, General Motors Co. will sell a 1 percent stake in its existing China venture with partner SAIC Motor Corp. This sale transfers the control to SAIC and allows it to... Read more
GM and SAIC considering an entry-level low-cost car
Another entry-level low-cost car could be entering the Indian market. China's Shanghai Automotive Industry Corporation Group (SAIC) and General Motors Company are considering a plan to... Read more
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