- SAIC's Ssangyong holding may be cut
- SAIC, the nation's biggest car maker, may have less control in Ssangyong Motor Corp after the bankrupt South Korean company proposed to cut its stake by 80 percent.
- SAIC to invest 12b yuan in new energy cars
- Shanghai Automotive Industry Corporation Group (SAIC) said it will invest over 12 billion yuan ($1.76 billion) in the new energy automotive industry, and plans to roll out its own-brand new energy vehicles from next year, Shanghai Securities News reported.
- SAIC to develop 'green' cars
- SAIC MOTOR Corp yesterday said it plans to invest 12 billion yuan (US$1.76 billion) in the next three to five years to develop new-energy sedans and auto parts.
- SAIC to unveil new hybrid vehicles
- SAIC Motor Corp said it would launch a series of hybrid and electric vehicles by 2012 as Chinese car makers shift to a higher gear to commercialize new energy vehicles to meet growing market demand.
- Net profit down 86% at SAIC
- SAIC Motor Group Corp reported an 86 percent decline in net profit for last year as a result of slowing vehicle sales and its South Korean unit Ssangyong Motor Corp entering receivership.