Monday, November 19, 2012 12:38 pm
News Summary: GM opens plant for China budget cars
By The Associated Press
NOT-SO-SHOCKING STICKER: The first car to roll off the plant's production line was a Baojun 630 midsize sedan. It sells for about 63,000 yuan ($10,100).
CHEAP WHEELS: In September, Nissan unveiled a second model of its low-priced Chinese brand Venucia, a compact hatchback that will sell for as little as 67,800 yuan ($10,760). Honda has also launched a budget brand.