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SAIC-GM-Wuling's Jan sales hit record high

SAIC-GM-Wuling Auto Co., Ltd., a Chinese venture of GM and leading manufacturer of mini-trucks and mini-vans in China, reported all-time high sales of 75,168 units in January, according to Qilu Evening News today.

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SAIC to sell cars in Israel, UK, Spain in 2010

Shanghai Automotive Industry Corporation (SAIC) has selected Israel, the UK, and Spain as its first target countries to sell its cars in Europe as of early 2010, Israeli trade portal Port2port said Monday.

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SAIC: no comment on Sollers bid for Ssangyong

SAIC said it has no more to say about Ssangyong than that it is awaiting the court ruling on how to deal with the Korean carmaker's assets since Ssangyong entered into court receivership, the Shanghai Securities Journal reported today.

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SAIC: no $1 bln investment pledge to Ssangyong

A spokesman of Shanghai Automotive Industry Corporation (SAIC) said both of the two charges claimed by the Ssangyong labor union against SAIC are not well grounded, Chinese newspaper Nanfang Daily reported Thursday.

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SAIC hefting Ssangyong bankruptcy impact

SAIC Motor Corp Ltd said it is now evaluating what the impact the bankruptcy protection filing by its South Korean unit will have on its financial status, according to newspaper reports.

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SAIC offers nearly $20 mln to Ssangyong Motor

SAIC Motor Corp said on Monday it has provided 25.9 billion won ($19.89 million) to its struggling South Korean unit Ssangyong Motor, according to media reports.

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Bank may liquidate Ssangyong if SAIC gives no aid

Ssangyong Motor Co. may be liquidated by a S.Korean bank if its Chinese parent SAIC Motor Corp. fails to provide 320 billion won ($249 million) as new financial support to the Korean automaker, reported Shihua Financial Information yesterday.

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SAIC sets up $293 mln hybrid technology JV

SAIC Motor Corp Ltd said its board has approved a plan to set up a joint venture with its parent company, Shanghai Automotive Industry Corp (SAIC) with a total investment of two billion yuan ($293million), an XFN-Asia report said today.

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Industry analyst advises SAIC to buy GM-Holden

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.

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SAIC to develop A-class models for Roewe, MG

SAIC, Chinese leading automaker, will build two A-class car models for Roewe and MG brands after Roewe 750 and 550 went on sale, Beijing Morning Post said today, citing sources from SAIC Institute.

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SAIC showcases Shanghai-brand fuel-cell sedan

SAIC Motor Corp is showcasing a fuel-cell sedan under the Shanghai brand at the China International Industry Fair 2008 held in Shanghai today, the Xinhua news agency reported.

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SAIC-GM-Wuling raises capacity to 900,000 vehicles

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.

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