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 ...
Premium Content (PAID Subscription Required)
"GM expects China auto loans in Q2 next year" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.