GM Becomes First Carmaker To Offer Interest-Free Loans In China
Cars

GM Becomes First Carmaker To Offer Interest-Free Loans In China


Everybody loves 0% financing and we’re sure that Chinese car buyers will have a positive attitude towards GM’s plans to offer interest-free loans with a 40 percent down payment for the Buick Excelle or Buick Regal sedans. Interestingly, it’s the first time that a carmaker offers interest-free loan in the Chinese market.

As you might of guessed, GM aint doing this cause they suddenly fell in love with Chinese car buyers. Shanghai General Motors Co., GM's venture with Shanghai Automotive Co proceeded to this move in order push sales as the company slipped from first place last year to third place in the first half of 2007 trailing FAW Volkswagen Automotive Co. and Shanghai Volkswagen Co. according to the China Association of Automobile Manufacturers.

Via: bloomberg




- All-new Buick Gl8 Minivan Fully Revealed, Only For China
After selling more than 330,000 units of the original Buick GL8 since 1999, General Motors unveiled an all-new version of its MPV model featuring several key improvements and innovations, destined exclusively for the China market. Built by the firm's...

- New Buick Regal: Opel Insignia-based Sedan Introduced In China
Shanghai GM, a joint venture between General Motors and Shanghai Automotive Industry Corporation (SAIC) has taken the wraps off the new Chinese market Buick Regal. With the exception of a few minor styling details like the new grille, the side air-vents...

- Gm To Unveil Next Iteration Of The Chevrolet Volt And A New Buick Concept At The 2007 Shanghai Show
Logical isn’t it – I mean China has the world's second largest car market in the world, just behind the US and ahead of Japan. Leaving aside the next iteration of the well-received, battery-powered Volta, I have to admit that it sounds...

- Cadillac Showcases New Sls At Auto China 2006
At this year's international motor show in Beijing "Auto China 2006", Shanghai GM is showcasing its newest addition to its Chinese Cadillac line-up, the SLS. Looks familiar? Your right cause its nothing more than a long wheel based STS. To be exact,...

- China's Top Sales Tandems
Shanghai Auto continues its dominance in the Chinese marketplace - with the help of two massive outsiders. Shanghai GM ("importers" must participate in joint ventures to gain permission to sell and build in China) tops the list of China's top ten...



Cars








.