17 January 2020

GM says SAIC partnership strong, Reuters reports

General Motors Co. said its partnership with China’s SAIC Motor Corp. (600104.CN) is thriving and the two carmakers are discussing further collaboration in Indonesia, Reuters reported on Sunday. GM China chairman Tim Lee made the remarks amid speculation by some industry insiders and experts that the two companies might be drifting apart following recent independent moves by SAIC outside China, the report said. “The relationship between SAIC and GM has never been better,” Lee was quoted as saying, adding that SAIC’s moves were merely a consequence of its growing maturity as a carmaker .

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