SAIC close to decision on GM IPO stake purchase -sources

BEIJING, Nov 3 (BestGrowthStock) – Top Chinese automaker SAIC Motor
Corp (600104.SS: ) is close to making a decision on whether to buy
a stake in its long-time partner General Motors [GM.UL] as the
U.S. auto firm makes its initial public offering, sources with
knowledge of the matter said on Wednesday.

The two partners had made an announcement earlier in the day
to expand their ties in various areas, including joint
development of more clean energy vehicles and components.
[ID:nTOE6A202P]
(Reporting by Fang Yan and Ken Wills)

SAIC close to decision on GM IPO stake purchase -sources