Articles Tagged with "SAIC"

SAIC's own brand car sales to surge 78% this year

Shanghai December 23 (Gasgoo.com) SAIC Motor Corp. (600104.SH), China's largest car maker by sales volume, said own brand vehicle sales will exceed 160,000 units this year, up 78% from a year earlier, caijing.com reported Thursday, citing a source who asked not to be named.

Dec. 23 , 2010
Garment maker buys shares in SAIC Corp private offering

Ningbo based cloth manufacturer Younger announced today it acquired 87 million private offering shares of SAIC Motor at CNY13.87 each, total cost CNY1.2bl.SAIC raised CNY 10bl from this private placement mainly to fund its own brand car project.

Dec. 18 , 2010
SAIC-GM-Wuling eyes overseas market for own-brand Baojun cars

Shanghai November 23 (Gasgoo.com) SAIC-GM-Wuling (SGMW), one of GM China's main joint ventures, rolled out yesterday its first own-brand Baojun 630 passenger car, which the automaker is considering exporting to India and other overseas markets through technology transfer, Shanghai Securities News reported Tuesday.

Nov. 23 , 2010