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General Motors (GM) and China's SAIC Motor extended their joint venture for 20 years until 2047, focusing on domestic sales of Buick and Cadillac in China and exporting Chevrolet products to
The original 50-50 joint venture, established in 1997, was set to expire next year. GM declined to provide financial details of the extension. GM China President John Roth stated the company is committed to strong performance in the China market and sees opportunities in select international markets including the Middle East, Africa, South America, Mexico, and Asia-Pacific.
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