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General Motors Co. said it plans to increase its stake in the Wuling microvan joint venture it owns with Chinese partner SAIC Motor Corp. to 44%, part of efforts to integrate the Chinese operation more into the U.S. company's global operation.

Daimler AG Chief Executive Officer Dieter Zetsche said governments should offer consumers financial incentives to buy electric vehicles to help offset the extra cost for manufacturers to build the cars. “Even in the best case, the cost of electric autos might run several thousand euros more than conventional vehicles for the foreseeable future,”