The largest private employer in Saginaw, Mich., will soon be the city government of Beijing, as...

|By:, SA News Editor

The largest private employer in Saginaw, Mich., will soon be the city government of Beijing, as a 104-year-old unit of General Motors will be sold to new owners from China. The $450M purchase received little attention this summer, but it is a landmark deal - the first time Chinese investors have bought a U.S. industrial operation of such scale and history.