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. Last Updated: 07/27/2016

GM Rules Out Mergers

TOKYO -- General Motors Corp. intends to double its Asian market share over the next five years, but it will not join the ranks of car companies joining large-scale, cross-border mergers, a top executive said Monday.

Instead, the U.S. company will strengthen current alliances with Japan's Isuzu Motors Ltd. and Suzuki Motor Corp., as well as trying to sell more cars in China, GM president and chief operating officer Rick Wagoner said.