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SAIC Motors and Nanjing Automobile Group Merge, We Look Forward to Dr. Maoyuan Commercials

Shanghai Automotive (SAIC) has devoured the smaller Nanjing Automobile to make an even larger state-owned automotive company. In the deal, SAIC gets increased capacity in order to compete with foreign car companies and Nanjing will get approximately 320 million shares of SAIC. Though we've had a bit of bad luck with…

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