One Percent Of SAIC Worth $85m

Fresh details on GM’s Asian wranglings are coming in, and it seems that SAIC paid The General a mere $85m for the one percent needed to control the joint venture. GM’s Nick Reilly tells the New York Times: the 51 percent stake would give S.A.I.C. the right to approve the venture’s budget, future plans and senior

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One Percent Of SAIC Worth $85m

Tagged as: China, High Finance, India, International, Nick Reilly, Overseas, SAIC