As reported earlier by just-auto, a Chinese government source has confirmed that GM is in talks to increase its stake in its Chinese JV that makes vans and trucks.
The automaker wants to buy additional shares in SAIC-GM-Wuling Automobile. SAIC is the majority shareholder of the venture with 50.1%, GM owns 34% and Liuzhou Wuling Motors the rest.
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GM is in negotiations with the government of Guanxi province.
An official at the Guangxi State-Owned Assets Supervision and Administration Commission, the regional government agency that owns Liuzhou Wuling, has confirmed that it is in talks with GM.
GM has refused to comment on the reports.
The Wuling joint venture manufactures Sunshine vans, with one-litre engines and also the Chevrolet Spark, a minicar.
GM has looked to Wuling as an important part of its effort to boost sales in emerging markets to offset declining sales in the US.
