Chinese Auto Makers Join Forces as Industry Woes Deepen

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Chinese Auto Makers Join Forces as Industry Woes Deepen
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A downturn across the global auto industry has pushed car makers together, forging alliances to pool technology and resources. Now two major state-owned auto makers in China are making such a move.

BEIJING—A downturn across the global auto industry has pushed car makers together, forging alliances to pool technology and resources. Now two major state-owned auto makers in China, the world’s biggest car market, are making such a move under growing pressures in the domestic industry.

SAIC Motor Corp., China’s biggest auto maker by sales, and smaller state-owned car maker Guangzhou Automobile Group Co., also known as GAC, signed an agreement earlier this week to cooperate in areas including developing next-generation technology...

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