The Wall Street Journal, October 24, 2013
Shanghai General Motors Co. is a joint venture between General Motors and SAIC Motor. The company hosted a booth at the Wuhan Motor Show.
Global auto companies reap big sales in China from their partnerships with Chinese brethren. Might they someday be allowed to go it alone?
Under current regulations, global auto makers can only own as much as half of their joint ventures in China. Most foreign car companies such as General Motors Co. and Ford Motor Co. hold 50% shares. One notable exception is Volkswagen AG’s joint venture with FAW Group, the German automaker holds 40%.