General Motors on Thursday rolled out the first Buick built at its US$1.52 billion Shanghai plant, accelerating its drive into the Chinese car market -- a market that has all but stalled. Execs from GM and its Chinese partner SAIC beamed as a white Buick rolled off the assembly line to the applause of more than 1,000 workers and guests. But the future of China's auto sector is clouded by economic woes stemming from sluggish domestic demand and the Asian financial crisis.
Buicks for China
General Motors on Thursday rolled out the first Buick built at its US$1.52 billion Shanghai plant, accelerating its drive into the Chinese car market -- a market that has all but stalled. Execs from GM and its Chinese partner SAIC beamed as a white Buick rolled off the assembly line to the applause of more than 1,000 workers and guests. But the future of China's auto sector is clouded by economic woes stemming from sluggish domestic demand and the Asian financial crisis.
