Chinaâs SAIC Buys Ssangyong Motors
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The Ssangyong Motor Co. was sold to the Shanghai Automotive Industry Corp. (SAIC) for $500 million (approximately 550 billion won).
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Lenovo Group&#39;s takeover of IBM&#39;s personal computer business is a giant step in a multibillion-dollar foreign expansion by China, which is buying auto, television and telecommunications companies abroad.
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SEOUL - Hyundai Motor Co, South Korea&#39;s largest carmaker, said Wednesday it will build a commercial vehicle joint venture in China by 2010.
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Chinese carmaker SAIC is set to control a crucial joint venture with MG Rover under terms of a cooperation deal expected to win approval from Beijing early next year, MG Rover says.
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SHANGHAI, Sept. 7 -- Chrysler lured its second high-profile executive in as many days, appointing SAIC Motor's Phil Murtaugh as chief executive of its Asian operations Friday.
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Mitsubishi Corp., Japan&#39;s biggest trading company, said it will buy a stake in Isuzu Motors Ltd., joining General Motors Corp.
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For China, the country&#39;s biggest computer supplier buying out a unit of IBM is more than just a business deal. Lenovo Group&#39;s decision to purchase IBM&#39;s PC group for $1.75 billion could be
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China signed contracts Monday worth nearly $2.1 billion to buy 23 Airbus jetliners and other German industrial goods. The $1.3 billion Airbus deal calls for a state company that
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The Shanghai Automotive Company, Chinaâs largest carmaker, agreed to buy out its partners in a truck maker and an auto-parts venture for 1.48 billion yuan ($194 million) to combine and expand its commercial-vehicle operations. The operations being taken over, the Shanghai Huizhong Automotive Manufacturing Company and the Shanghai Wanzhong Automotive Components Company, will become part of a Shanghai Automotive unit, the SAIC Motor Corporation, Shanghai Automotive said. The automaker already owns half of both ventures. The move is in line with a government plan to combine the countryâs automakers.
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The worldâs largest retailer continues to solidify its presence in China by buying a 35% share of the owner of the Trust-Mart chain.
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San Miguel, the largest food and beverage maker in the Philippines, said Thursday that it had agreed to buy National Foods, Australia&#39;s biggest dairy company, for 1.78 billion Australian dollars, or $1.4 billion, raising the prospect of a bidding war with
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MG Rover is on the brink of a Â£1bn deal with a Chinese company that will help secure the future of its giant Longbridge plant. Under the joint venture with the Shanghai Automotive Corporation, a new company
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General Motors (GM) and Chinese partner Shanghai Automotive Industry Corp (SAIC) on Saturday signed a joint development and commercialization agreement on hybrid and fuel cell
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SEOUL The chairman of the French automaker Renault announced on Tuesday that it would invest 600 billion won in its South Korean operation, Renault Samsung Motors, to develop a sports utility vehicle and engine production facilities.
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British and Chinese companies have signed key business agreements, including a multi-millon-dollar engine deal between Rolls-Royce and Air China, witnessed by Chinese Premier Wen Jiabao and British Prime Minister Tony Blair.
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Amazon.com, the world&#39;s biggest online retailer, is to buy Chinese rival Joyo.com for about $75m in a deal that will give it a substantial presence in China&#39;s growing internet market.
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Chryslerâs deal with the Chinese automaker, Chery, is the first attempt by a U.S. automaker to use China as a manufacturing base for world markets.