General Motors, the largest foreign automaker in China, wants to boost its local luxury vehicle sales by building a new facility located in Shanghai’s Jinqiao area. The American giant announced it won regulatory approval to build a Cadillac plant in China that will have an annual production capacity of about 150,000 units. The construction of the new factory is set to commence in June 2013 and GM will invest about $1.3 billion (...
Reported by autoevolution 3 hours ago.
General Motors, the largest foreign automaker in China, wants to boost its local luxury vehicle sales by building a new facility located in Shanghai’s Jinqiao area. The American giant announced it won regulatory approval to build a Cadillac plant in China that will have an annual production capacity of about 150,000 units. The construction of the new factory is set to commence in June 2013 and GM will invest about $1.3 billion (...
Reported by autoevolution 3 hours ago.