GM, SAIC Plan to Jointly Design New Cars – Wall Street Journal

Posted: Tuesday, July 28, 2015

General Motors Co. will work with a Chinese auto maker on a $5 billion initiative to overhaul how it creates cars for developing markets, a move that represents the U.S. auto maker’s first major development project in China to address global markets.

The Detroit auto maker plans to work with SAIC Motor Corp., one of its Chinese joint-venture partners, to develop a common blueprint, or architecture, that can be tailored for specific styles or regional markets. Their goal is the same one rivals Volkswagen AG, Renault SA,…

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