"GM Takes the Wheel for Two Decades: US Automaker Secures Long-Term Partnership in China In a significant move to solidify its presence in the world's largest automotive market, General Motors has inked a deal with SAIC Motor Corp. to extend their joint venture, SAIC-GM, by 20 years. The agreement, announced on August 5, will see the partnership continue until 2047, marking a major milestone in the two companies' decades-long collaboration. The extension comes after a major revamp of their passenger-vehicle partnership, which is expected to bring about significant changes to the way GM operates in China. With this long-term commitment, GM aims to maintain its position as one of the leading foreign automakers in the Chinese market, where it has been operating since the 1990s."
General Motors signed a deal with SAIC Motor Corp. Aug. 5 to extend the contract for SAIC-GM by 20 years to 2047 after completing revamp of the passenger-vehicle partnership with the major Chinese ...
