TribLIVE

| Business


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

GM to open Cadillac plant in China

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

GM $32.08 +$0.43

at close on WEDNESDAY


By The Associated Press

Published: 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. Chocolate prices expected to soar as ingredients grow more expensive
  2. Investment in Western Pa. startups reaches 5-year high
  3. Pandora sued by record companies
  4. Pa. unemployment rate falls to lowest since 2008; 12,000 more enter workforce
  5. Squeezed by competition, Chobani to expand offerings
  6. Chrysler’s Easter eggs fun for vehicle owners
  7. Under the Hood: A chance to take top cars for a spin
  8. PPG shareholders vote against proposals; sales, profit see double-digit increases
  9. 2014 Beetle is celebration of 65th American anniversary
  10. Long-term unemployed struggle to find — and keep — new jobs
  11. Shale pioneer hires Chesapeake for drilling job
Subscribe today! Click here for our subscription offers.