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• Renault and Nissan plan new moves on the Indonesian market
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• SGM Debuts Upgraded Buick GL At Shanghai Auto Show
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• Porsche is leading internationally in dealer satisfaction

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News of  June 20, 2001

SGM Debuts Upgraded Buick GL At Shanghai Auto Show

SHANGHAI - Shanghai GM will launch an upgraded Buick GL model at the Shanghai International Auto Show, which opened on Monday.

The revamped model is aimed at further enhancing the driving and riding experience while providing more value for the money of China's upper-medium car buyers.

The enhanced version of Buick GL, one of the best sellers from Shanghai GM, offers such new luxury features as sunroof, wood trim, six-way power front seat, leather-wrapped steering wheel and leather seats.

The new features complement the already outstanding performance, safety and comfort, characteristic of all Buick sedans from Shanghai GM. The new Buick GL offers the most comprehensive package at a highly competitive price in China's upper-medium segment, according to Chen Hong, president of Shanghai GM.

"The introduction of the new Buick GL is the latest proof of our on-going effort to anticipate and respond fast to customer needs. The newly added features are all highly popular among upper-medium vehicle users," said Chen.

"With these new features, Buick GL offers better value for money than any of our competitors in this segment. I have full confidence that the new Buick GL will be well received by our customers." He said the new features add just RMB10, 000 (approximately $1,200), making the final Buick GL price RMB328, 000 (approximately $40,000).

Buick GL is powered by a 2.98 liter V6 engine, mated with an electronic automatic transmission. It offers dual airbags, antilock brakes and traction control as standard equipment. The GL is engineered to provide smooth and powerful driving and riding on China's roads. Currently, Shanghai GM produces and sells five models of mid-size Buick sedans, including the entry-level Buick G and the top-of-the-line Buick GS. Shanghai GM also manufactures the Buick GL8 wagon and Buick Sail compact car, the first true modern family car produced in China.

Established in 1997 with an investment of $1.5 billion, Shanghai GM is a 50-50 join venture between General Motors and Shanghai Automotive Industry (Group) Corporation.

(June 18, 2001)

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