shanghai automotive


SAIC to buy Opel Insignia platform for Roewe?

- According to an unnamed source from the 21st Century Business Herald in China (via Gasgoo), Shanghai Automotive Industry Corp (SAIC) has been in talks with General Motors since last March to purchase the Eplison II platform (as used by the latest Opel Insignia and the Chinese-market Buick Regal) for its next Roewe 750 midsize sedan. The fact that SAIC is GM's Chinese partner may seem to lend a bit of credibility to these rumors, though SAIC and General Motors have both initially denied any knowledge of the platform-sharing plan. While ... Read more →

Ssangyong enters receivership Frank Filipponio

Could it be too late for Ssangyong? Shanghai Automotive Industry Corp. (SAIC) appears to have given up on Ssangyong Motor Co., allowing the company to slip into receivership. SAIC holds a 51% stake in ...

Ssangyong gets bailout from SAIC Jeremy Korzeniewski

It may not be the entire 320 billion won that its largest creditor was looking for, but Shanghai Automotive Industries Corp's recent announcement that it would prop Ssangyong up with an investment of ...

Rover redux - Shanghai Auto building Rovers in China Stuart Waterman

Shanghai Automotive and SAIC Motor have announced that the two companies are setting up a $457.6 million joint venture to produce Shanghai Auto cars based on MG Rover technology. The new cars will be ...

SAIC to buy Opel Insignia platform for Roewe? 5 months ago on Autoblog

- According to an unnamed source from the 21st Century Business Herald in China (via Gasgoo), Shanghai Automotive Industry Corp (SAIC) has been in talks with General Motors since last March to purchase the Eplison II platform (as used by the latest Opel Insignia and the Chinese-market Buick ...

Ssangyong enters receivership 10 months ago on Autoblog

Could it be too late for Ssangyong? Shanghai Automotive Industry Corp. (SAIC) appears to have given up on Ssangyong Motor Co., allowing the company to slip into receivership. SAIC holds a 51% stake in Ssangyong, but gave up management rights in a bid to avoid liquidation and allow Ssangyong some ...

Ssangyong gets bailout from SAIC 10 months ago on Autoblog

It may not be the entire 320 billion won that its largest creditor was looking for, but Shanghai Automotive Industries Corp's recent announcement that it would prop Ssangyong up with an investment of 25.9 billion won ($19.89 million) should do the trick. SAIC says the money is to facilitate the ...

Rover redux - Shanghai Auto building Rovers in China 3 years ago on Autoblog

Shanghai Automotive and SAIC Motor have announced that the two companies are setting up a $457.6 million joint venture to produce Shanghai Auto cars based on MG Rover technology. The new cars will be the first to be developed under the Shanghai Auto brand. Shanghai Auto, General Motors' principal ...






Autoblog Podcast #154: Gobbling up the News

Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.

 
 

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