Articles Tagged with "SAIC"
SAIC Motor Corp. said that a Hong Kong-based subsidiary had acquired a nearly 1 percent stake in General Motors Co. as part of the U.S. automaker's initial public offering, reports said. The company paid the $33 per share IPO price for 15.15 million shares, or about $500 million, the reports said.
Nov. 19 , 2010General 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.
Nov. 12 , 2010SAIC Motor Corp unveiled its newly developed Roewe 350 all-electric car, which has independent intellectual property rights and features llithium-iron phosphate battery system, high efficiency permanent magnet synchronous motor, electric power steering (EPS) systems and other key systems, reflecting the level of industrialization of the automaker's state-of-the-art all-electric sedans.
Nov. 11 , 2010