Beijing Opera, Act 2345: SAIC Doesn't Want Vauxhall Et Al
Isn’t it nice when you go to an opera and know exactly what will happen next? And so it happened again: SAIC denied a report that it is interested in buying GM’s Vauxhall and Opel brands, reiterating that it has no plans for foreign mergers and acquisitions, the Shanghai Securities Journal said via Gasgoo.
GM China—and by extension SAIC— had already said bu yao (don’t want) in reaction to media reports that GM would sell to its Chinese partner, SAIC, the Buick brand or the exclusive rights to use this brand in China.
What does it mean? Nothing.