Skip to content

GM targets finance sector in the rising China car industry

GM has secured a car loan deal that see’s a three way tie with Ally Financial, a SAIC Motor affiliate and GM’s newly acquired venture with SAIC. With this news, GM, like many motor manufacturers is looking to target the Chinese market for car finance and car loan deals.

GM has secured a car loan deal that see’s a three way tie with Ally Financial, a SAIC Motor affiliate and GM’s newly acquired venture with SAIC. With this news, GM, like many motor manufacturers is looking to target the Chinese market for car finance and car loan deals.

Jiang, 26, who is a mobile junior manager, has recently bought a new Buick Excelle after securing a 50,000 yuan car loan from GMAC-SAIC. He said; "I don't mind paying a little bit more to get a car just as I need it. I will recommend that to my friends as it's fast, easy, and most of all, I don't have to borrow money from my parents or friends."

The news comes as China’s motor industry is currently on the rise, and more home-grown car makers continue to try and establish its marque within the country.

Posted by on

Back to August 2010

Back to top