TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

GM to open Cadillac plant in China

GM $32.08 +$0.43

at close on WEDNESDAY

By The Associated Press
Wednesday, May 8, 2013, 10:06 p.m.
 

General Motors Co. confirmed that it's building a Cadillac factory in China.

GM will start building the $1.3 billion plant next month in Shanghai's Jinqiao zone. It will produce 150,000 vehicles per year.

The automaker recently received regulatory approval for the new plant.

GM currently makes just one Cadillac — the XTS sedan — in China. Production began in February at a plant in Shanghai.

The company won't say which models will be made at the new plant, but has said it plans to introduce one locally made Cadillac each year through 2016.

GM is trying to increase Cadillac sales in China, where the luxury market is dominated by European brands. Cadillac's China sales doubled in April to 4,000 vehicles, or around 1.5 percent of GM's total sales.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Dick’s cuts PGA professionals as golf business declines
  2. Federal appeals courts disagree on Obamacare subsidies
  3. 10 million Americans sought help to enroll in Obamacare
  4. China meat scandal hits Starbucks, Burger King, McDonald’s
  5. Amwell wastewater site to be shut down
  6. Chrysler recalls up to 792K Jeep SUVs for ignition switch defect
  7. Entrepreneurial teen mines bitcoins, contributes toward electric bill
  8. Consumer prices creep up 0.3% in June
  9. Allegheny Technologies reports 2Q loss despite higher sales
  10. Sales of previously owned homes up 2.6% in June
  11. California firm issues nationwide fruit recall
Subscribe today! Click here for our subscription offers.