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SAIC pays $500M for 50% stake in GM India

General Motors, which recently entered into a 50:50 joint venture with SAIC Motor to make cars for the Indian and export markets, has sold 50% of its Indian operations to SAIC for $500 million.

Dec. 28 , 2009
BAIC to use Saab tech for making own-brand carsDec. 28 , 2009
Toyota to recall 43,023 imported vehicles in ChinaDec. 28 , 2009
MJK launches Nomad II Chinese cars in Qatar
World's fastest rail journey starts operation in China
Volvo and Geely likely to become a partnership
China relaxes driving restrictions for disabled peopleDec. 27 , 2009
Tibet ranks third in China in per-capita vehicle ownershipDec. 27 , 2009
Chery enters top five selling car brands in LaosDec. 26 , 2009
Wuhan-Guangzhou bullet train link to hit airlines hard
Geely will keep Volvo running as is -report
China Auto News of the Week (Dec. 21 - 25, 2009)
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