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China's SAIC Motor to buy factory in India from General Motors
April 5, 2017 / 9:52 AM / 7 months ago

China's SAIC Motor to buy factory in India from General Motors

BEIJING (Reuters) - China’s largest automaker SAIC Motor Corp Ltd (600104.SS) on Wednesday said it had signed a formal agreement to buy a General Motors Co (GM.N) factory in India.

SAIC Motor Corp's logos are pictured at its booth during the Auto China 2016 auto show in Beijing, China April 26, 2016. REUTERS/Kim Kyung-Hoon

SAIC did not give further details in its filing with the Shanghai Stock Exchange.

Reporting by Jake Spring; Editing by Himani Sarkar

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