China's domestic auto output remained nearly flat, rising 0.62% in January compared to December, while sales declined 25% to 243,100 units from December, according to an industry trade group. Meanwhile, inventory of domestic sedans has not moderated since 2004, and is believed to be at levels above a half million, state media reported, citing unnamed sources. Meanwhile, General Motors Corp. introduced a new model in China Wednesday, the first of several new offerings to come by the world's largest automaker. GM's China sales rose 27% last year to 492,000 units and the company says it is adding 100 more dealerships in the coming months, growing to 150 by year-end.
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