SHANGHAI — Shanghai GM Automotive Co. Ltd. already has sold its first batch of 200 Buick New Century sedans that rolled off the production line in Shanghai last Dec. 17. The limited production was far behind market demand. Some customers willing to pay in cash could not buy the cars, says Hu Maoyuan, general manager of Shanghai GM, adding that his company is very confident about market prospects in China. Hu says most of the buyers were companies and government institutions and only a ...
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