New small Chevy sets Sail from Shanghai

One of General Motors’ Chinese joint ventures, Shanghai GM, has launched the Chevrolet New Sail sedan, claiming that it is the first passenger car “created” in China by a Sino-foreign joint venture. Shanghai GM will offer five variants of the New Sail priced from around 60,000 yuan (US$8,788.88). Chinese buyers are offered 1.2- and 1.4-litre ‘S-TEC III’ petrol engines with variable geometry intake system that meet the local Phase IV emission standard and can be modified to meet China’s Phase V standard. It will be sold by about 380 dealers in around 200 cities across China. (January 14, 2010)