Deals
SAIC Motor May Invest in General Motors’ Share Sale
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SAIC Motor Corp. said it may invest in the initial public offering of partner General Motors Co., cementing ties between the biggest U.S. and Chinese automakers.
SAIC will consider investing in GM if “conditions are favorable,” Chairman Hu Maoyuan said in Shanghai. The company hasn’t yet made a decision whether to make the investment and is waiting for the details of the share sale, he said today.