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.


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. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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.