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General Motors (GM +0.4%) confirms it reacquired a 1% stake in its joint venture with SAIC Motor...

General Motors (GM +0.4%) confirms it reacquired a 1% stake in its joint venture with SAIC Motor in a move which will bring the partnership to an equal 50-50 footing. The automaker gave up control of the JV back in 2009 when it needed cash and loans. Terms of the deal weren't disclosed.
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