GM, SAIC Partner to Create Insurance Sales Provider in China
General Motors and SAIC announced on Wednesday that they would be partnering up to establish SAIC Motor Insurance Sales Co., Ltd., otherwise known as INSAIC.
INSAIC will be the primary auto insurance provider for Chinese owners of Buick, Cadillac, and Chevrolet models purchased from Shanghai GM. The partnership will allow customers to buy auto insurance directly at the dealerships from which they purchase their vehicles, giving them instant coverage the second their vehicle leaves the lot.
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“GM is focused on providing our customers the most convenient buying and ownership experience in the industry,” said GM Executive Vice President and President of GM China Matt Tsien. “With the expansion of our range of services to insurance, we will offer them greater peace of mind.”
GM says that the joint venture will work in cooperation with insurance companies throughout China in order to expand services across the nation.
GM plans on launching a number of new vehicles in China over the coming year, including the CT6 and a next-generation Buick Verano.
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