GM opens Cadillac factory in China

SHANGHAI (AP) – General Motors has opened its first Cadillac factory in China to target the country’s growing but crowded luxury car market.

GM says the $1.2 billion factory operated with its main Chinese partner, Shanghai Automotive Industries Corp., will have an annual production capacity of 160,000 vehicles.

Until now, Cadillacs sold in China have been imported from the United States.

Cadillac is a latecomer to a Chinese luxury car market that is dominated by BMW, Mercedes Benz and Volkswagen’s Audi.

China is the biggest auto market by number of vehicles sold.

Sales growth slowed last year to 7.3 percent but China still is the fastest-growing major market and global auto brands are looking to it to drive revenue.

We welcome thoughts and comments from our viewers. We ask that everyone keep their remarks civil and respectful. Postings that contain profanity, racist, or potentially libelous remarks will be deleted. We will delete any commercial postings, as well.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s