GM (GM) and partner SAIC Motors are reportedly interested in acquiring ailing car makers in...

|About: General Motors Company (GM)|By:, SA News Editor

GM (GM) and partner SAIC Motors are reportedly interested in acquiring ailing car makers in China, as if the U.S. company doesn't have enough problems turning around loss-making operations in Europe. Still, GM wants to boost sales in China by 75% to 5M by 2015, and an acquisition could one way to achieve this. The government might be supportive, as it wants to consolidate a car industry that suffers from overcapacity.