Detroit Bureau on Twitter

Posts Tagged ‘akerson china’

Cadillac Has Big Plans for China, Starting with Production of the New XTS

Local production, more products, expanded sales goals.

by on Apr.24, 2012

Cadillac confirms it will build the XTS in China.

Cadillac isn’t content largely sitting on the sidelines in what is rapidly becoming the world’s largest luxury car market.  But until recently, it was a relatively insignificant player in China, the Asian nation’s high-line consumers focusing primarily on European products from the likes of BMW, Mercedes-Benz and Bentley.

Already struggling to regain its role as a leader in the U.S., Caddy has some aggressive plans to gain ground in China – and it certainly doesn’t hurt that its parent, General Motors, is the booming Asian market’s number one manufacturer.

The Cadillac of Auto News Sites!

Among the key steps Cadillac has planned, it will soon begin producing several key products in China including the all-new XTS flagship, a move that will sidestep tariffs China recently raised on U.S.-made luxury vehicles.  But the maker also plans to ramp up the pace of new model introductions and some of those products could very well be designed specifically with China in mind – much as sibling GM brand Buick has been heavily influenced by its large presence in China.


GM Will Increase Investments in China

“Key to our success,” proclaims CEO Akerson.

by on Feb.17, 2011

GM's SAIC-GM-Wuling joint venture has begun sales of the Wuling Hong Guang, the first compact business van ever offered in China.

If you didn’t know it, China is awfully important to General Motors.

GM chairman and chief executive officer Daniel Akerson traveled to the booming Asian nation, this week, and emphasized that China remains critical to GM’s future – and will continue to see more and more investments dollars.

“As our largest market, China played a significant role in GM’s success in 2010. We will continue investing aggressively in China to ensure the long-term success of our company.” Akerson said.

GM’s strength in China was instrumental last year in moving the company into a position where it came within 30,000 units of overtaking arch-rival Toyota, the world’s largest automaker.  GM also became the first automaker to sell more than 2 million vehicles in China during a single year, in 2010.