An automotive commentator in Australia said it would be ideal for GM's Chinese partner, Shanghai Automotive Industry Corp (SAIC), to buy GM-Holden as its crippled American parent General Motors fights for survival, according to a report from the Herald Sun.

Auto manufacturing giants in China, such as Shanghai Automotive Industry Corporation (SAIC) and Dongfeng Motor Corporation, may buy some assets of the two crisis-plagued American automakers General Motors and Chrysler LLC, Zhang Xiangmu, director of China's Ministry of Industry and Information Technology - the state regulator of China's auto industry - told reporters recently. Gasgoo reporters asked some sources to confirm the news today.

Under the sway of the global financial crisis, the U.S. auto giants General Motors and Chrysler LLC are tottering on the brink of collapse. Japan's Toyota Motor was previously rumored to buy them out, but now Chinese carmakers SAIC and Dongfeng are also said to have plans to acquire the two U.S. auto companies, reported the 21st Century Business Herald today.

China is still General Motors' most important market in the world. Its Chinese venture Shanghai GM announced yesterday that it will launch more than 20 new car models to the Chinese market in the coming three years, and three heavyweight models will go on sale in China as part of GM's 2009 growth strategy.

U.S. lawmakers are considering ways to help America's struggling auto industry, which has suffered from rising fuel costs and the shrinking economy.

General Motors' passenger car venture in China is recalling 209 MY2009 Cadillac CTS vehicles in the country to fix potential problems with airbags, China's quality supervision body, the General Administration of Quality Supervision, Inspection and Quarantine, said late on Friday.

A senior GM official said the company has been holding talks with the State Grid Corporation of China (SGCC) to build a large number of electric vehicle charging stations in the country, official Jinghua newspaper reported today.

China's major mini-vehicle maker SAIC-GM-Wuling Auto Co. Ltd. has completed construction of its West Plant's second-phase project, and the venture's Liuzhou and Qingdao facilities are expected to have a combined annual capacity of 900,000 vehicles, said xinhuanet.com today.

China's major mini-vehicle maker SAIC-GM-Wuling has decided to produce mid-class sedans of U.S. auto giant GM, reported Beijing Times today, citing sources of the company.

Amid the financial crisis, General Motors (GM) is seeking its further growth in the China market by promoting the new-energy technologies and launching more new-energy models, said China Business Daily today.

Shanghai GM recently announced that it will introduce the Saab Turbo X limited edition to Chinese customers, said Jiefang Daily today. The car is expected to sell in China for 639,000 yuan ($93,600), a price that is acceptable to Chinese fans of this highly-admired premium model.

The zero-oil, zero-pollution Chevrolet Equinox hydrogen fuel cell car was displayed in Beijing on October 21, kicking off the China tour of GM's hydrogen-powered vehicle, said xinhuanet.com today.