China's Korean Car Wreck
At a time when China is seeking ways to use its vast foreign exchange reserves to help its fledgling multinationals go abroad, its recent US$500 million disaster with the ill-starred Ssangyong Auto , Korea's fourth-largest automaker, is a cautionary tale of nightmare proportions.
Shangai Auto Industry Corp, known universally as SAIC, acquired 48.82 perce…
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