SAIC Motor restructuring
By Li Fangfang | China Daily | Updated: 2011-04-07 08:05
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A photographer snaps Shanghai Automotive Industry Corp's MG6 model. The company's listed subsidiary, SAIC Motor Corp Ltd, will take over the auto assets from its parent for 28.6 billion yuan ($4.37 billion). Chris Ratcliffe / Bloomberg |
Automaker taking over its parent's car businesses in deal worth $4.37b
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