General Motors gears up for new China-India link

GM has a three-way joint venture in China with SAIC and Wuling Auto, which manufactures these mini-trucks and buses. Here, SAIC holds 50.1 per cent, GM 34 per cent and Wuling the balance 15.9 per cent. GM is now keen on acquiring Wuling’s equity component, which will increase its overall stake to nearly 50 per cent.