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The joint venture, which also makes cars under GM's only-in-China discount line Baojun, last week opened a $1.3 billion factory at its Lizhou facility to make cars for that brand. Shanghai-based SAIC Motor Corp. owns 50.1 percent of SAIC-GM-Wuling, while GM China owns 44 percent and Liuzhou-based Wuling Motors owns 5.9 percent. The joint venture is one of several GM has in China, where foreign carmakers are required to team up with local partners. The company's Chinese brands include Buick, Cadillac, Chevrolet and Opel as well as Jiefang and Wuling. ___ Online: http://www.gmchina.com/
[Associated
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