Wednesday, February 6, 2013

GM interested in buying Chinese car makers.

GM (GM) and partner SAIC Motors are reportedly interested in acquiring ailing car makers in China, as if the U.S. company has done such a grand job of turning around loss-making operations in Europe. Still, GM wants to boost sales in China by 75% to 5M by 2015, and an acquisition could be one way to achieve this. The government might be supportive, as it wants to consolidate a car industry that suffers from over-capacity.

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