Exclusive: GM and China’s SAIC to push into Indonesia with no-frills vans

General Motors (GM.N) and Chinese partner SAIC Motor Corp will soon announce a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia’s biggest market and from there tackle other markets in the region. They have already made moves to purchase a property in an industrial district on the outskirts of Jakarta, according to two people familiar with the matter, and are expected to detail within days what GM China chief Matt Tsien called an important joint venture in a country of 240 million people. In a report late Friday, officials from Indonesia's industry ministry told state Antara news agency that GM and SAIC would invest a total of $700 million in Indonesia to set up operations to manufacture and market Wuling vehicles in the country.

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