SAIC, China’s No. 1 Carmaker, to Launch Series of Hybrid Cars
May 11th, 2009 | By Money Morning Staff | Category: Emerging MarketsSAIC Motor Co. Ltd., China’s largest carmaker and the partner of both General Motors Corp. (NYSE: GM) and Volkswagen AG (OTC ADR: VLKAY) in that fast-growing Asian country, plans to launch a series of hybrid and electric vehicles by 2012 – part of a move by China’s carmakers to meet the growing market demand for “new-energy vehicles.”