SAIC offers handouts to hybrid buyers, for 5 days

Newswire

SHANGHAI, Nov 1 (Reuters) - Hoping to kick-start sales of its hybrid Roewe 750 sedans, SAIC Motor on Tuesday launched a five-day price-cutting campaign that briefly makes the automaker's first mass-produced green car cheaper than its hot-selling gasoline version. Chen Zhexin, executive vice president of SAIC, said consumers across the nation who purchase the cars during the weeklong Shanghai industry fair, Nov 1-5, would be eligible for subsidies to be paid by the automaker. "We need ...

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