From Newsmax:

General Motors is in the final stage of talks to sell equity to Chinese partner SAIC Motor as part of its landmark initial public offering, two people familiar with the matter said.

The two government-funded automakers are currently finalizing how much of a stake SAIC would buy in the top U.S. automaker after discussions involving technology sharing and SAIC's ambitions to move beyond the China market, the people said.

Any agreement between GM and SAIC would need Chinese government approval and could...

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