LONDON EVENING STANDARD: SAIC to link up with Shell: “SHANGHAI Automotive Industry Corporation (SAIC), which walked away from rescuing MG Rover, is to form a joint venture with oil giant Shell setting up a car maintenance business across China.” (ShellNews.net) Posted 20 April 05

SHANGHAI Automotive Industry Corporation (SAIC), which walked away from rescuing MG Rover, is to form a joint venture with oil giant Shell setting up a car maintenance business across China.

The business will be modelled on Shell's Jiffy Lube in the United States which offers motorists various services including a rapid oil change.

The Shangahi-based Anji Jiffy Lube Automotive will spend $23 million (£12 million) opening its first 10 outlets around Shangahi in Us first year of operation. It has plans to grow this to up to 600 sites spread across China within a decade.

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