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SEARCHSHANGHAI, China -- The auto financing joint venture between General Motors Acceptance Corp. and Shanghai Automotive Group Finance Co. Ltd. completed its first year with a portfolio of more than 5,000 retail loans, GM reported.
SHANGHAI, China -- The auto financing joint venture between General Motors Acceptance Corp. and Shanghai Automotive Group Finance Co. Ltd. completed its first year with a portfolio of more than 5,000 retail loans, GM reported.
The joint venture is servicing 180 dealers in wholesale business and more than 110 dealers in 20 cities nationwide with retail credit. GMAC-SAIC focuses on new-car financing. It is the first approved and operational automotive financing company in China.
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