(Reuters) - SHANGHAI, Aug 6 - The parent companies of China's biggest car maker, Shanghai Automotive Co. , and engine manufacturer Shanghai Diesel are in initial talks on a possible business alliance, an executive at one of the companies said on Monday.
SAIC Motor Corp., the parent of Shanghai Auto, and Shanghai Electric Group Co. , which controls 50.32 percent of Shanghai Diesel Engine Co. , are discussing ways to cooperate in the engine business, an SAIC official, who asked not to be identified, told Reuters.
Read more at Reuters.com Mergers News
SAIC Motor Corp., the parent of Shanghai Auto, and Shanghai Electric Group Co. , which controls 50.32 percent of Shanghai Diesel Engine Co. , are discussing ways to cooperate in the engine business, an SAIC official, who asked not to be identified, told Reuters.
Read more at Reuters.com Mergers News
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