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DEAL: China to buy stake in GM
General Motors Co [GM.UL] is in the final stage of talks to sell equity to long-time Chinese partner SAIC Motor Corp (600104.SS) in conjunction with its landmark initial public offering, two people familiar with the matter said. The two government-funded automakers are currently finalizing how much of a stake SAIC would buy in the top U.S. automaker after discussions involving technology sharing and SAIC's ambitions to move beyond the China market, the sources said. Any agreement between GM and SAIC would need Chinese government approval and could still fall apart, the sources cautioned.
http://www.reuters.com/article/idUSWEN287720101110
Myself.........I'm sure you have a good source as to your rant........Genius
General Motors Co [GM.UL] is in the final stage of talks to sell equity to long-time Chinese partner SAIC Motor Corp (600104.SS) in conjunction with its landmark initial public offering, two people familiar with the matter said. The two government-funded automakers are currently finalizing how much of a stake SAIC would buy in the top U.S. automaker after discussions involving technology sharing and SAIC's ambitions to move beyond the China market, the sources said. Any agreement between GM and SAIC would need Chinese government approval and could still fall apart, the sources cautioned.
http://www.reuters.com/article/idUSWEN287720101110
Myself.........I'm sure you have a good source as to your rant........Genius