Lates News

Today, there is news that General Motors is in preliminary talks with SAIC Motor Group of China to renew a long-term joint venture agreement. Both parties are discussing the details of a potential agreement, but the final terms have not been determined. When asked about this, neither SAIC Group nor SAIC General Motors responded to inquiries from a reporter at First Financial. The 30-year joint venture agreement between SAIC General Motors is scheduled to expire in June 2027. Earlier this year, SAIC General Motors General Manager Lu Xiao stated that the two major shareholders have been in frequent communication recently regarding when to renew the agreement. (First Financial)