摘要
Shanghai GM Automotive Co., Ltd. (SGM) in-vested by Shanghai Automotive Industry (Group) Corp. and General Motors corp. with 50 per cent share each, is the biggest Sino- US joint venture by now. Its total investment reached US $1.52 billion when estab-lished on June 12, 1997. The first Buick New Century rolled of production lines after 23 months of SGM’s es-tablishment, making a great stride on the development of China auto industry. Buick New Century equipped with 2.98-liter 2-valve V6 engine, fully automatic transmission, ABS, dual air bag, etc. is a high-and middle-end sedan
