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SAIC May Invest in General Motors’ Share Sale, Chairman Says

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.

China’s largest carmaker will consider investing in GM if “conditions are favorable,” Chairman Hu Maoyuan said in Shanghai yesterday. 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 yesterday.