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| SAIC In GM India? |
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| Monday, 02 November 2009 14:16 |
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Now this news is getting hotter than ever. Shanghai Automotive Industry Corporation (SAIC) is buying a stake in GM India. This means a lot. SAIC is a Chinese car gaint and has got manufacturing co-operation with GM and VW in China which are the two largest companies there in terms of sales. SAIC partnered with General Motors to form Shanghai GM, SAIC-GM-Wuling Automobile, and the Pan-Asia Technical Automotive Center. SAIC also partnered with Volkswagen Group in the formation of Shanghai Volkswagen Automotive. SAIC also acquired the Biritsh car maker MG Rover in 2007 and releases an upgraded Rover 750 called the Roewe. GM sells the Spark already in China and the Beat too will sell there soon. GMI could very well source components from Chhinese suppliers at competitive prices and also it has been speculated that the Wuling range of LCV's could also make it to India. The intent of GM India could hardly have been doubted with the strong range of small cars it is going to put in the market in 2010. With this merger, there are numerous possibilities and we could only wait and watch the action. SAIC makes all the VW's and Skoda's in China. It also makes Daewoo's, Opels and numerous Buicks there in addition to the Roewe sedan. Do your math. Here is the link.. http://www.saicgroup.com/English/
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