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China's top automaker SAIC Motor Corp's does not rule out the possibility of participating in General Motors'  initial public offering, its chairman said on Friday.

Sources told Reuters in September that SAIC Motor Corp reached out to General Motors to explore the prospect of taking a stake in the U.S. automaker.]

The contact between state-backed SAIC -- which has a 13-year relationship with GM -- and GM has been informal and SAIC has expressed an interest in acquiring a "single digit" share in GM, sources said.


 

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Chinese Automaker Says It Wants A Piece Of GM

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