Thursday, February 5, 2009
GM News:GM discusses partnership with China's FAW
February 5, 2009 - 12:01 am ET
SHANGHAI (Reuters) -- General Motors is holding discussions with major Chinese automaker FAW Group to form a partnership for light commercial vehicles, a GM China spokesman said today.
The spokesman declined to specify the nature of the partnership but said the two parties had registered a name with the State Administration for Industry and Commerce.
"Joint venture is far from complete, but the registration of the name is just one of the processes. We still have a lot of work to do," he said when asked whether the partnership will lead to a full-fledged joint venture.
GM already makes light commercial vehicles in China in a three-way tie-up with SAIC Motor and Liuzhou Wuling Automobile.
It also operates a car manufacturing venture in Shanghai with SAIC, China's largest auto maker.
FAW, one China's three biggest automakers, operates car manufacturing ventures with Volkswagen AG and Toyota Motor Corp.