GM’s China venture to recall 1.44 million cars over engine issue By Reuters

July 16, 2021 admin Stock News 0

© Reuters. FILE PHOTO: A Wuling logo is seen on an electric vehicle (EV) at a SAIC-GM-Wuling dealership in Beijing, China, September 20, 2020. REUTERS/Yilei Sun

BEIJING (Reuters) – SAIC-GM-Wuling, General Motors Co (NYSE:)’s China joint venture with SAIC Motor and a smaller company, will recall 1.44 million cars under Wuling and Baojun brands in China due to an engine component issue, China’s market regulator said.

The Liuzhou-based joint venture also sells Wuling Hong Guang MINI EV, the top-selling electric vehicle in the world’s biggest car market.

A representative for the venture did not immediately respond to a request for comment.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*