SAIC Motor Corp Ltd (600104.SS)
24 Feb 2017
Further company coverage: (Reporting by Hong Kong newsroom)
* Says it completed issuing 657.9 million new shares at 22.8 yuan per share through private placement
* Says it expects 2016 net profit to rise about 7.5 percent y/y
BEIJING German carmaker Volkswagen said on Wednesday it would not produce or sell any Audi cars with SAIC Motor Corp until at least 2018, seeking first to strengthen ties with existing Audi partner China FAW Motor Corp [SASAAW.UL].
* VW aims to first resolve concerns of existing Audi dealers (Clarifies earlier remarks, adds Audi and VW comments, background)
BEIJING, Jan 18 German carmaker Volkswagen said on Wednesday it will delay any agreement with SAIC Motor Corp to make Audi cars in China until at least 2018.
NEW DELHI A subsidiary of China's top carmaker SAIC Motor Corp plans to acquire certain General Motors manufacturing assets in India, a filing with the country's competition watchdog showed on Friday.
NEW DELHI, Jan 6 A subsidiary of China's top carmaker SAIC Motor Corp plans to acquire certain General Motors manufacturing assets in India, a filing with the country's competition watchdog showed on Friday.
NEW DELHI, Jan 6 SAIC HK, a subsidiary of China's SAIC Motor Corp, has proposed to acquire certain assets of a car manufacturing plant in India owned by General Motors' local unit, a filing with the country's competition watchdog showed on Friday.
BEIJING Volkswagen's Audi AG said on Monday that it was in talks with China's SAIC Motor Corp Ltd for a long-term collaboration, which dealers for its existing joint venture say would cause them "potentially fatal damage." | Video