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. Last Updated: 07/27/2016

GM's China Car Plant

SHANGHAI, China -- General Motors Corp. launched a $1.52 billion sedan venture in Shanhai on Thursday, predicting that the factory would provide a niche for the U.S. auto giant in a market that has been long on potential but short on profits.

The first car produced by the venture - an all-white 1999 Buick - rolled off the production line following a ceremony attended by top GM and Chinese auto executives.

GM's partner in the venture is Shanghai Automotive Industrial Corp.