GM confirms exploring JV possibilities with SAIC in Indonesia
GM admits to looking at options and alternatives in Indonesia with SAIC
General Motors (GM) has confirmed it is in discussions with Chinese joint venture (JV) partner SAIC for a possible tie-up in Indonesia as well. According to a Reuters report that cited a senior GM executive in China, discussions are under way but nothing has been finalised yet. "We've always said we're looking at options and alternatives in Indonesia with SAIC, but we've never [(disclosed] what the business model is," said GM China Chairman Tim Lee. Meanwhile, an SAIC spokesperson said the automaker was "still learning the Southeast Asia market and exploring possible business opportunities" without naming GM as possible partner.
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