Mexican Media Brands
Cadillac Begins Production of New Sedan in China
General Motors Co. and joint venture partner Shanghai Automotive Industry Corp. started building the new Cadillac XTS fullsize sedan this week at an assembly plant in Shanghai.
Share
General Motors Co. and joint venture partner Shanghai Automotive Industry Corp. started building the new Cadillac XTS fullsize sedan this week at an assembly plant in Shanghai.
Cadillac has priced the model between 349,900 yuan ($55,600) and 569,00 yuan ($90,500).
GM projects continuing demand for the brand in China because of the strong appetite of local consumers for luxury goods. Cadillac aims to more than triple its annual sales in the country to at least 100,000 vehicles by 2015.
To do so, the luxury unit has promised to introduce at least one new model per year in China over the next five years. The marque also plans to open 100 additional dealerships in the next two years to expand its Chinese network to 250 outlets.
GM CEO Dan Akerson said last April the company expects to erect a new Chinese factory dedicated to Cadillac production. He offered no details.
RELATED CONTENT
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
