There is no doubt that the relationship between GM and SAIC has become even more intense. Everything starts with 1%. GM not only transferred its 1% stake in Shanghai GM to SAIC, it will also help SAIC to interpret the technical drawings it has just acquired from LDV in the UK. It is also reported that GM will be sold at a low price in the future. SAIC some assets. “The GM’s show of goodwill is not to be repaid.†A few days ago, an insider of SAIC told the “China Business†reporter that SAIC-GM-Wuling was the most wanted by General Motors in the Chinese market. As the largest shareholder of SAIC-GM-Wuling, SAIC now apparently has not been an obstacle to GM's acquisition of SAIC-GM-Wuling. There is only one final obstacle, that is, price. General blueprint In fact, as early as in 2009 there was rumors that General Motors and the Guangxi Zhuang Autonomous Region government had already negotiated to acquire SAIC-GM-Wuling held by Wuling Group (a state-owned enterprise of Guangxi District Government) (General Motors accounted for 34% and Wuling Group accounted for 15.9%. , SAIC 50.1%) 15.9% of the equity, increase its "site" in China. In July 2009, General Motors (China) President Gan Wenwei met with the president of Guangxi Autonomous Region. Allegedly, Gan Wenwei promised immediately that if the Guangxi government is willing to transfer the shares of SAIC-GM-Wuling to GM, General Motors will introduce a car project into Guangxi. The production of sedan projects has always been the "dream" of the Guangxi government. At that time, the project was shelved because of the equivocal attitude of both SAIC and Wuling. However, GM’s desire for SAIC-GM-Wuling’s equity is increasing day by day. In 2008, GM achieved sales of 1.09 million units in China, a year-on-year increase of 6.1%. Among them, the Chevrolet and Wuling brands were the biggest growth points in their sales: the Wuling brand achieved a year-on-year growth of 17.4% with more than 600,000 units sold. From January to November 2009, SAIC-GM-Wuling sold more than one million vehicles, making it the first single company to produce and sell more than one million units in China. At the same time, SAIC-GM-Wuling is still a "money-making machine": its mini-vehicle sales rank first in the country for three consecutive years, and its operating revenue in 2008 exceeded 20 billion yuan. General Motors, whose performance has fallen frequently, is in need of good sales and profits to support its restructuring and debt repayment. In order to get the equity of SAIC-GM-Wuling, GM has even drawn a good blueprint for it. In December 2009, GM sold its 1% stake in Shanghai General Motors to SAIC. It also proposed that SAIC will establish an Indian company with GM. SAIC-GM-Wuling’s models will be sold in India. GM is preparing overseas markets to become SAIC-GM-Wuling’s new profit growth point. Price dispute According to report, as GM recently showed frequent good to SAIC Motor, the acquisition of SAIC-GM-Wuling shares has no obstacles in the SAIC level. "Now, if GM wants Wuling Group to take up 15.9% of SAIC-GM-Wuling, the purchase price will be the final key." The China Business News reporter learned from an informed person close to SAIC-GM-Wuling that in fact the negotiation could not be conducted. The reason for this is that the acquisition plan has met with strong opposition from the SASAC because GM has invested too little and the criticism of selling state-owned assets has put pressure on the government of the Guangxi Autonomous Region. “Actually, the sell-off argument was questioned when SAIC acquired Wuling. As a result, SAIC brought Wuling to a new height of development. Now, SAIC-GM-Wuling’s equity will change again, and it may not be a bad thing. “An industry insider believes that in Guangxi, but now SAIC-GM-Wuling is worth the money, the price should still be seriously considered. As early as 2001, the Guangxi government signed a contract with SAIC to transfer 75.9% of shares of Liuzhou Wuling Automobile Co., Ltd. and established SAIC Wuling Automobile Co., Ltd. In 2002, General Motors joined and SAIC, GM and Wuling signed a formal contract to establish SAIC-GM-Wuling. At that time, Liuzhou Wuling had an audited net asset value of approximately RMB 500 million yuan and an annual production capacity of 150,000 vehicles. After several years of development, SAIC-GM-Wuling's production and sales capacity has grown by more than six times. Not only that, SAIC-GM-Wuling now owns two production bases in Liuzhou and Qingdao, of which the Liuzhou headquarters covers an area of ​​892,000 square meters. It has three major manufacturing plants in the east, west and the engine. According to the latest information obtained by the “China Business†reporter from related channels, after a related assessment, the 15.9% equity of SAIC-GM-Wuling’s shares was worth more than 700 million yuan, but the general offer was only around 300 million yuan. In view of this, how can this price not convince the Guangxi government and the Wuling people that GM should achieve its ultimate goal, and obviously it must also deal with all parties. As for the final result, it can only be answered by time. Electric Power Fittings,Cable Power Fitting,Line Fitting Weichuang Electric Power Technology Co., Ltd. , http://www.stainless-steelrigging.com