Auto Industry
Industry: Email Alert RSS FeedShanghai Automotive Industry Corp.(2008 Guide to China's Auto Market)(Company overview)
Automotive News, April, 2008 by Chow, Namrita
Byline: Namrita Chow
No. 390 Wukang Road, Xuhui District
Shanghai 200031, P.R. China
(86) 21-2401-1000, www.saicgroup.com
Top executive: Hu Maoyuan, president
Ownership:
SAIC Group 83.83%
Public shares 16.17%
Shanghai Automotive Industry Corp.'s joint ventures with General Motors and Volkswagen AG produce some of China's best-selling cars.
Now, subsidiary SAIC Motor wants its own piece of China's rapidly growing auto market. Last year the company launched its own brand, Roewe, with the 750 car.
The 750, which starts at $32,620, launched in March 2007 and sold a modest 16,549 units in 2007. The 750 competes in the mid-sized segment with 24 other cars.
The car "makes a...
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