INTERVIEW-Auto finance next China frontier for GM

Newswire

By Tony Munroe SHANGHAI, Feb 27 (Reuters) - Shanghai's streets are clogged with foreign-nameplate cars, but General Motors Corp and its overseas rivals remain frustrated in their efforts to provide loans to China's mushrooming army of drivers. "We had certainly hoped and expected that by the end of last year that we could have been operational," said Scott Reno, director of GM China Group's financial services department. China's car industry is booming, with most cars in the mainland ...

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