- Apr 10, 2009
REPORT: GM China spokesman denies pondering selling Buick to SAIC
Chinese-spec Buick Regal - Click above for high-res image gallery
Yesterday's rumors regarding a possible Buick sale to China's Shanghai Automotive Industry Corp. (SAIC) might have been a wee bit premature according to an unnamed executive at GM China. This news should be anything but surprising – we didn't put much stock in the rumor when we first reported it – since the success of the Buick brand is one of GM's few current bright spots.
In America, General Motors has singled out Chevrolet, Cadillac, GMC and Buick as the core brands that it will concentrate on, which gives further reason to believe that the Buick nameplate will be staying right where it is in the General Motors portfolio. Hummer, Saab and Saturn, on the other hand, remain very much for sale.