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Article: RETAIL CREDIT BUSINESS OF GSAFC SOAR 50%
- Article from:
- AsiaInfo Services
- Article date:
- October 2, 2006
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AsiaInfo Services
10-02-2006
Retail Credit Business of GSAFC Soar 50%
SHANGHAI, Oct 02, 2006 (SinoCast via COMTEX) -- The joint venture by American General Motors Corp. and Shanghai Automotive Industry Corporation, GMAC-SAIC Automotive Finance Company, Ltd. (GSAFC) has achieved the retail credit business rising over 50% in the first eight months of 2006.
Since the establishment, GSAFC has received constantly growing credit applications every month, with a year-on-year growth of 71.3% in retail credit business in August.
The public relation division of General Motors Corp. China Region introduced that by August-end, the company had cooperated with over 300 dealers in about 80 cities in retail ...