General Motors (GM) is in early stage talks to renew its Chinese joint venture with SAIC Motor, David Welch of Bloomberg reports, citing people familiar with the matter. The companies are exploring a potential agreement, including which vehicles and plants would be involved, sources told Bloomberg.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GM:
- Charged: Tesla CEO Elon Musk purchases 2.57M shares
- Tesla, BYD Could Face Biggest Impact from Mexico’s Proposed Tariffs on China Imports
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Amazon tests GM EV delivery vans in bid to meet climate goals, Bloomberg says
- Amazon testing GM BrightDrop electric vans in fleet, Bloomberg says
