Home>Topics>>GM paid $119 million for 1 percent stake in China joint venture: filing
GM paid $119 million for 1 percent stake in China joint venture: filing
Reuters: Business News
Fri, 15 Feb 2013
(Reuters) - General Motors Co paid $119 million in September to buy back a 1 percent stake in its joint venture with its top Chinese partner SAIC Motor Corp , which it had given up ahead of its 2009 bankruptcy.
The T. Rowe Price High-Yield manager discusses the firm's investment in the debt of companies emerging from bankruptcy , including Lyondell, GM , and CIT Group.