Frankfurt, Germany – It’s been a concern since it happened. Why did General Motors sell the one percent controlling interest of GM-China to Shanghai Automotive (SAIC)?
Nick Reilly, who heads GM in Europe, used to work in GM-China. Reilly explained why GM-China sold the one percent controlling interest to SAIC. Reilly said that SAIC will allow GM-China to buy the one percent back. It is in the works.
Former securities analyst, Stephen Girsky is the Vice Chairman of General Motors in charge of corporate strategy and business development. Girsky answers the question from another journalist as to when the one percent controlling interest will be re-purchased by General Motors.
