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NINETY EIGHT REGENCY

Shanghai GM rejects Buick model developed by Taiwan's Yulon Motor - report

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Shanghai GM rejects Buick model developed by Taiwan's Yulon Motor - report

Tuesday, September 18, 2007; Posted: 09:29 PM

TAIPEI, Sep 19, 2007 (XFN-ASIA via COMTEX) -- GM | charts | news | PowerRating -- Shanghai General Motors has decided not to adopt the Buick Excelle sedan developed by Taiwan's Yulon Motor group, which is also a partner of General Motors Corp, the Economic Daily News reported, without citing sources.

With the Yulon model not selling well in Taiwan, Shanghai GM decided to develop a new design for the mainland by the end of the year, it said.

Yulon Motor Co Ltd (2201.TW) and General Motors formed a 51-49 joint venture, Yulon General Motors, in 2005.

The report said Yulon General Motors will have to shoulder over 1 bln twd in development costs for the Excelle, which has monthly Taiwan sales averaging around 50 units.

source:

http://www.tradingmarkets.com/.site/news/S...%20News/622221/

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