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After nearly a century, all of the fundamentals of the automotive industry are in play. Normal Motors holds a 20% stake in Industries Mécaniques Maghrébines Normal Motors and Shanghai Automotive Industry Company (SAIC), and has two joint ventures in Shanghai Basic Motors and SAIC-GM-Wuling Automobile Both additionally maintain an equal 50% stake in Basic Motors India Non-public Restricted And Basic Motors holds a ninety four% stake in GM Korea and SAIC Group holds a 6% stake. Normal Motors and UzAvtosanoat have a joint venture called GM Uzbekistan , UzAvtosanoat owns seventy five% and Basic Motors owns 25%. Normal Motors and UzAvtosanoat even have a three way partnership referred to as UzDaewooAvto each every maintain a 50-50 stake. GM, AvtoVAZ, and EBRD have a joint venture called GM-AvtoVAZ , Each GM and AvtoVAZ owns forty one.61% and EBRD owns 16.seventy six%.
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