GM expects China auto loans in Q2 next year

Newswire

BEIJING, Nov 18 (Reuters) - General Motors , the first foreign carmaker to apply for automobile financing in China, hopes to start lending to the world's fastest growing car market in the second quarter of next year. The U.S. auto giant applied last week to offer financing, saying it would team up with its long-standing Chinese partner, Shanghai Automotive Industry Corp (SAIC), to offer the loans. "We expect within three months that we'll get a reply on that," Phil Murtaugh, chief executive ...

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